‘Black Rock + State Street + Vanguard are robbing Americans of the ability to own homes’: RFK Jr. has promised Wall Street reforms with $24K GameStop buy. But what are they exactly?

Kennedy emphasized the need for a “free and fair market,” while rallying support for the call, “Let’s punish predatory short selling to the moon.”

This isn't the first time he has talked about Wall Street.

The 70-year-old has long complained about the power and influence of the financial industry and claimed to be “independent of Wall Street”. However, he does have investors, like Bill Ackman and Chamath Palihapitiya, and veteran Wall Street executive Omeed Malik among his donors and supporters.

In April 2023, while still running as a Democrat, he questioned, “Remember when we upheld the interests of the poor and middle class against big corporations and Wall Street?”

But what policy changes has he actually talked about? His official campaign website lacks any detailed proposals, but we dug into his interviews and social media history and found two promises he made.

Stop real estate ‘buying spree’

Kennedy is displeased with the purchasing behavior of major Wall Street firms.

In September, he projected that giant financial institutions are on track to own 60% of single-family homes in America by 2030. In the accompanying video, Kennedy stated that whenever a house comes on the market, these investment firms “swoop in” and outbid prospective home buyers with cash offers.

“Black Rock + State Street + Vanguard are robbing Americans of the ability to own homes. I have a plan to stop them — and to start a housing boom for everyone,” he wrote on X.

If elected president, he said he would create a federal program to back mortgages at 3%, financed by tax-free bonds. He emphasized that these mortgages would be available exclusively to individuals, not corporations.

Additionally, he said he would revise the tax code to deter corporations from owning single-family homes.

Kennedy's concerns extend beyond residential real estate.

“Farmland buying spree by Wall Street's mammoth hedge funds and China are turning America’s and the globe's agricultural landscapes into corporate fiefdoms and farmers into serfs,” he wrote on X.

Read more: Rich young Americans have lost confidence in the stock market — and are betting on these assets instead. Get in now for strong long-term tailwinds

‘Insider trading problem’ in Congress

Kennedy is unequivocal about his stance on Congress members buying and selling stocks that they have insider knowledge about.