Meet the Six Big Banks Keeping Private Prisons in Business
Though a Trump presidency may mean more business for private prison companies, advocates for divestment have long been pushing to weaken the power of the corrections giants via the banks that support them. In Portland, Oregon, Amanda Aguilar Shank has been pushing the city council to recommend that the city end its investments in Wells Fargo for more than three years. As deputy director of the racial and economic justice organization Enlace, Aguilar Shank and local activists successfully organized for the creation of a Socially Responsible Investment Committee for the city. The SRIC began reviewing the city’s investments two years ago to consider which “should go on the ‘do not buy’ list,” according to Aguilar Shank.
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