The Progressive


A project of Common Dreams

For Immediate Release

Sam Quigley,, 202-446-0489

Activists Gather in Albany to Uncover Hedge Fund Billionaires Trying to Buy New York Elections

Albany, N.Y.

Today, Monday the 29th, a group of New York-based activists will gather at the state capitol in Albany for the release of a Hedge Clippers report that details how a small group of hedge-fund billionaires are pouring millions of dollars into NY elections in order to sway the results in their favor.

The report details how just seven Wall Street billionaires, with personal net worths that equals more than 3.9 million New Yorkers combined, have spent nearly $30 million on this election in New York alone to defend Republican candidates and attack their Democratic challengers. This tidal wave of campaign cash is designed to drown out the voices of working people who want the government to work for everyone, not just the ultra-wealthy, and to ensure that Congress will continue to protect the tax breaks these billionaires abuse like the carried interest loophole.


  • Michael Kink from Hedge Clippers/Strong Economy for All
  • Jess Wisneski from Citizen Action of New York
  • Chris Tallent from MAYDAY/Cleanup Carl
  • Elizabeth Deutsch, a healthcare activist who is part of the "Birddog Nation" pressing NY Members of Congress on their votes for ACA repeal

WHAT: Press conference to announce the release of a new Hedge Clippers report detailing how hedge fund billionaires are pouring millions into NY candidates, PACs, and Super PACs to keep Congress and the State Senate in Wall Street's hands

WHEN: October 29, 12:00pm ET

WHERE: Outside the New York State Capitol, State St entrance, Albany, NY 12207

For further comments or questions, please contact Sam Quigley at

The Patriotic Millionaires is a group of high-net worth Americans who share a profound concern about the destabilizing level of inequality in America. Our work centers on the two things that matter most in a capitalist democracy: power and money. Our goal is to ensure that the country's political economy is structured to meet the needs of regular Americans, rather than just millionaires. We focus on three "first" principles: a highly progressive tax system, a livable minimum wage, and equal political representation for all citizens.

(202) 446-0489