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GOOD NEWS: All major banks that supported the private prisons behind mass incarceration and immigrant detention have now committed to NOT renew credit lines/loans to GEO Group and CoreCivic.
This is a HUGE win.https://www.forbes.com/sites/morgansimon/2019/09/30/geo-group-runs-out-of-banks-as-100-of-banking-partners-say-no-to-the-private-prison-sector/ …
“This shift represents an estimated shortfall of 87.4% of all future funding to the private prison and for-profit immigrant detention industry, which depends on these bank credit lines and loans to finance their day to day operations.”
The banks that have committed to ending ties with the private prison and immigrant detention industry: JPMorgan Chase, Wells Fargo, Bank of America, SunTrust, BNP Paribas, Fifth Third Bancorp, Barclays, and PNC.
Sadly there are plenty of non bank lenders to pick up the slack.
Really? With this kind of awareness hopefully we Americans will follow the money & boycott their sources. Public awareness makes a huge difference .
Bwahahahahahaha like investing in animal cages for small children?
This is the American way. Kudos to the banks.
Kudos to the banks, for *checks notes* waiting until 2019 to stop financing concentration camps
We need to clean them up, not get rid of them given what they do.
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