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Shut Down ICE Profiteers: Protest U.S. Bank!
August 12 @ 1:00 pm - 2:00 pm PDT
8/12 1:00 PM SHARP
MEET AT SYLVESTER PARK
Migrant detention and deportation is big business for corporations and financial institutions. U.S. Bank is the “bond trustee” for CoreCivic, one of the primary private prison corporations to contract with Immigration and Customs Enforcement (ICE) to detain migrants. U.S. Bank buys and resells CoreCivic bonds and acts as the administrative agent between CoreCivic and bondholders, enabling the financing of immigrant detention and mass incarceration.
The majority of I.C.E. detainees are incarcerated in private detention center operated by companies like CoreCivic and GEO Group. These facilities are notorious for human rights abuses and medical neglect, such as the CoreCivic-operated Stewart Detention Center in Georgia where many migrants have dies in recent years. Recent, GEO and CoreCivic have been hit by a wave of bank divestments, but U.S. bank has yet to cut ties with the industry.
More info on #DivestfromICE movement: https://olyassembly.org/2019/07/17/strike-while-the-iron-is-hot-divestfromice-victories-and-the-movement-moving-forward/
More info on “bond trustees”: https://www.investopedia.com/terms/b/bond-trustee.asp