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A new report from two public-interest groups confirms fears "that the cash for big-ticket campaign spending like TV advertising is increasingly controlled by an elite class of super-rich patrons not afraid to plunk down a million bucks or more for favored candidates and causes."

New York, NY--Demos views the mortgage servicing deal reached today between a coalition of state Attorneys General and 5 major Wall Street banks as an important stepping stone in the effort to secure justice for homeowners victimized by the foreclosure crisis.

Six of the top 10 super PACs active in the 2012 elections have received money from untraceable sources, including nonprofits and shell corporations, according to a report released today by two progressive advocacy groups.

Unemployment and underemployment persist even in the best of times, as workers “churn” through the labor market seeking better opportunities and higher wages. But this is not the best of times, and the unemployment and underemployment faced by young people today is not pushing us toward better opportunities. Rather, it holds us back from achieving our productive potential and puts other concerns – like starting a family or buying a home – on the backburner.

It’s no secret that super PACs skew toward the wealthy set. However, a new study from Demos (editor's note: Demos is The American Prospect's publishing partner) and U.S. PIRG highlights how few people are running the money game this election cycle and how secret some of their contributions can be.

One of the effects of the Supreme Court's Citizens United decision is that it allowed corporations to give unlimited amounts to independent expenditure political action committees capable of supporting or opposing political candidates.

But a new report from the non-profit group Demos shows that the majority, 55.6 percent, of donations to super PACs in 2010 and 2011 still came from individuals rather than for-profit entities.

A joint analysis by Demos and US PIRG released today takes a detailed look at the increasing (and deleterious) impact that so-called Super PACs are having on elections in the United States.  Super PACs are independent political action committees that can accept unlimited and often undisclosed financial contributions from donors to campaign for or against candidates or issues during an election.

Super PACS “represent much of what is wrong with American democracy rolled neatly into one package,” said Marites Velasquez of Illinois PIRG, announcing a new report showing that fundraising monsters suddenly dominating our elections are funded by a very small number of very rich people.

Six out of the top 10 fundraising super PACs have received untraceable donations. In total, 20 percent of super PACs received untraceable donations in 2011.

A study entitled "Auctioning Democracy" also found that the super rich give a large amount of the funding received by super PACs. This skews American politics, it concluded, because wealthy donors have different life experiences and political preferences than other citizens.