Presente | Wells Fargo & JPMorgan Chase - Stop Financing Pain For Corporate Gain!
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Wells Fargo & JPMorgan Chase - Stop Financing Pain For Corporate Gain!

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    The Message

    Dear Timothy Sloan (Wells Fargo CEO) and Jamie Dimon (JPMorgan Chase CEO),

    We are outraged by Wells Fargo and JPMorgan Chase’s role in financing CoreCivic and GEO Group, two large for-profit prison corporations that are profiting off the separation and pain of families. Private prison companies hold contracts to operate hundreds of prisons, jails, and immigration detention centers across the country that are being used to incarcerate and separate families.1

    Private prison companies depend on debt financing from banks like yours to conduct their day-to-day business operations, finance new facilities and acquire smaller companies. An analysis of U.S. Securities and Exchange Commission (SEC) filings over the past 10 years shows that Wells Fargo has played a leading role in financing these debts.2 In doing so, Wells Fargo is complicit in and profiting from mass incarceration and the criminalization of immigration.

    We demand that you immediately stop financing CoreCivic and GEO Group.

    Sincerely,

    [your name]


    References:
    [1] "Here's What I Saw At the Border." Senator Elizabeth Warren. June 26, 2018.  
    [2] "The Banks that Finance Private Prison Companies." In the Public Interest report. November 2016. Accessed June 30, 2018.

    As long as there are financial and political incentives to cage children and families, the Trump Administration will continue to do so under the lie of immigration enforcement. Families fleeing poverty and violence have reached our shores for refuge, only to find that the private prison industry and its funders like Wells Fargo and JPMorgan Chase are raking in $Billions off the backs of these families' pain.

    Wells Fargo and JPMorgan Chase are financing CoreCivic and GEO Group, for-profit prison corporations that are profiting from the pain and separation of families. Sign on to urge the CEOs of Wells Fargo and JPMorgan Chase to stop financing CoreCivic and GEO Group!

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