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04/30/2018 | Combating Discriminatory Policing, Combating Family Separation & Deportation, Creating Deportation Defense, Holding Wall Street Accountable, Racial Justice

Bankrolling Oppression: How Wall Street Companies Finance the Private Prison and Immigrant Detention Industry

Published By

Center for Popular Democracy, Make the Road New York, New York Communities for Change, Enlace International, and the Strong Economy for All Coalition

    This report investigates the influential role that major Wall Street corporations - including JPMorgan Chase, Wells Fargo, and BlackRock - play in maintaining and expanding the private prison and immigrant detention industry. As the Trump administration advances an imprisonment agenda and anti-immigrant policies, private prison companies are taking advantage of new opportunities to benefit from potential increases in incarceration and detention rates. Companies like JPMorgan, Wells, and BlackRock, are ready and willing to finance their operations and expansion, regardless of the cost in human suffering.

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    CPD Impact

    Nov 2016: During 2016, the Federal Reserve made an historic shift in how it makes the most important economic decisions in the country. For the first time they are taking into account low-income communities of color. For the past 100 years the Fed has been dominated by white, male, corporate executives who have cared little about building an economy that works for everyone.