JPMorgan Chase: Stop financing Trump’s hate

JPMorgan Chase: Stop financing Trump’s hate

The petition to all major banks that finance or profit from private prisons and immigrant detention, including JPMorgan Chase, reads:
“Stop financing corporations like CoreCivic and The Geo Group that build and manage private prisons and immigrant detention centers and make enormous profits from the suffering of immigrants and communities of color.”

Add your name:

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Dear Connie,

JPMorgan Chase stop financing Trump’s hate

Trump’s racist, anti-immigrant administration is a boon for private prison corporations and the banks that finance them.1 They stand to make enormous profits off the suffering of immigrant people.2,3

Right now, major banks like JP Morgan Chase (JPMC) finance CoreCivic and The Geo Group, the largest private prison and immigrant detention corporations in the nation.4 JPMC’s CEO Jamie Dimon is also normalizing Trump’s dangerous agenda by serving on Trump’s Strategic and Policy Forum, despite massive pressure from shareholders to step down.5

In order for us to fight back on Trump’s war on immigrants, we must expose the financial institutions that are backing his hate and build a massive public outcry demanding that they cut all ties to Trump’s racist regime and get out of the dirty business of deportations and mass incarceration. As shareholders, account holders and consumers, we have the power to force banks like JPMC to act.

Tell JP Morgan Chase and all major banks: Stop financing private prison and immigrant detention corporations. Click here to sign the petition.

Our country’s mass incarceration crisis is already destroying communities of color.6 Immigration enforcement officers are ripping families apart and detaining immigrants for months and sometimes years before they even see a judge. Now, the racist bigots in the White House and Department of Justice are empowering federal agents to terrorize, arrest and imprison more immigrants.

Immigration and Customs Enforcement (ICE) locked up more than 30,000 undocumented immigrants a day in inhumane and overcrowded detention centers last year.7 Trump’s hateful administration just increased ICE’s incarceration quota to 80,000 immigrants a day and is planning to expand the department’s workforce and infrastructure to reach that daily goal.8 If Trump and his heartless party succeed at appropriating tens of millions of taxpayer dollars for their mass deportation machine, they will need private prison corporations to help them build it.

Private prison corporations like CoreCivic and The Geo Group are notorious for exploiting immigrant detainees for cheap labor and forcing them to live in inhumane conditions.9 Nine detainees have filed a class-action lawsuit against The Geo Group for allegedly forcing more than 50,000 immigrants imprisoned in its detention centers to work for less than one dollar a day.10 The U.S. Bureau of Prisons canceled its contract with a CoreCivic prison in New Mexico after reports of its cruel treatment of sick inmates gained national attention.11 Now, ICE has contracted with the same prison to detain immigrants, without demanding any changes to the institution’s practices.

Trump’s and Republicans’ immigration crackdown means more immigrant arrests, more taxpayer funded detention centers and more business for morally bankrupt private prison corporations. We can throw a huge wrench in their plans by making sure that banks like JPMC refuse to back thier xenophobic agenda.

Tell JP Morgan Chase and all major banks: Stop financing private prison and immigrant detention corporations. Click here to sign the petition.

No corporation should profit from the suffering of immigrants and communities of color. In May, our friends at Make the Road New York organized a massive protest against JPMC’s investments in immigrant incarceration at its annual meeting.12 They organized another protest earlier this week. Add your name now to help ramp-up the pressure even more. Click the link below to sign the petition.

https://act.credoaction.com/sign/jpmc_backersofhate?t=8&akid=24372%2E11103932%2E2d5q4T

Thank you for speaking out,

Nicole Regalado, Campaign Manager
CREDO Action from Working Assets

Add your name:

Sign the petition ►

References:

  1. Charles Davis, “President Trump Is Just What the Private Prison Industry Ordered,” In These Times, Nov. 17, 2016.
  2. In the Public Interest, “The Banks That Finance Private Prison Companies,” Nov. 2016.
  3. Heather Long, “Private prison stocks up 100% since Trump’s win,” CNN, Feb. 24, 2017.
  4. In the Public Interest, “The Banks That Finance Private Prison Companies.”
  5. Kevin McCoy, “JPMorgan CEO Jamie Dimon is sticking with Team Trump,” USA Today, May 16, 2017.
  6. Melinda D. Anderson, “How Mass Incarceration Pushes Black Children Further Behind in School,” The Atlantic, Jan. 16, 2017.
  7. Madison Pauly, “The Private Prison Industry Is Licking Its Chops Over Trump’s Deportation Plans,” Mother Jones, Feb. 21, 2017.
  8. Ibid.
  9. Madison Pauly, “How Private Prison Company Used Detained Immigrants for Free Labor,” Mother Jones, April 3, 2017.
  10. Ibid.
  11. Pauly, “The Private Prison Industry Is Licking Its Chops Over Trump’s Deportation Plans.”
  12. Josh Saul, “Jamie Dimon, Head of JPMorgan Chase, Pressed on Private Prisons, Trump Council Seat,” Newsweek, May 16, 2017.

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