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Wells Fargo: Break Up with Private Prisons!

 

While professing a desire to respect human rights, Wells Fargo continues to fund GEO Group and CoreCivic; the biggest operators of private prisons and immigrant detention centers. Sign this petition to let Timothy Sloan (Wells Fargo) know that customers and potential customers are not afraid to align our money with our values. If Wells Fargo doesn’t take action, we will — by pledging to, and/or encouraging others to, break up with Wells Fargo and switch to banks that actually respect our communities instead! #RealMoneyMoves

Sign on to urge the CEO of Wells Fargo to Break Up with Private Prisons, or We’ll Break Up With our Banks!

Sign on to urge the CEOs of Wells Fargo and JPMorgan Chase to break up with private prisons, or we'll break up with our banks!

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Dear Wells Fargo,

Two of the private prison industry leaders, CoreCivic and GEO Group, depend on funding from banks like yours to conduct their day-to-day business operations, finance new facilities, and acquire smaller companies. [1] A 2016 analysis of U.S. Securities and Exchange Commission (SEC) filings over the prior 10 years reported that Wells Fargo, among others, have played a large role in financing these debts. [2] In doing so, Wells Fargo is complicit in and profiting from mass incarceration and the criminalization of immigration. [3,4] We demand that you stop financing CoreCivic and GEO Group.

It is inconsistent with your professed desire to respect human rights to continue to finance GEO Group and CoreCivic, the biggest operators of private prisons and immigrant detention centers. [1,2,3,4] Your customers and potential customers are not afraid to align our money with our values and urge you to as well. We pledge to, and/or will encourage others to, break up with Wells Fargo and switch to banks that actually respect our communities if this financing continues. #RealMoneyMoves.

Sincerely,

[1] https://news.littlesis.org/2018/06/21/who-is-profiting-from-incarcerating-immigrant-families/

[2] https://www.inthepublicinterest.org/wp-content/uploads/ITPI_BanksPrivatePrisonCompanies_Nov2016.pdf

[3] https://www.inthepublicinterest.org/wp-content/uploads/ITPI_JPMorganPrivatePrisons_FactSheet_Jan2017.pdf

[4] https://populardemocracy.org/bankrollingoppression

6 Comments

  1. Percy Hicks-Severn

    We should not be supporting private prisons!

  2. Ray Cage

    Since the Reagan administration to the present the policy of U.S. government is too have an authority complex towards the American citizens and immigrants. The authority complex needs to end. Education, free higher education, free medical treatment for all; citizens and non-citizens, manufacturing jobs that benefits the natural world, instead of extracting. There horrible acts happening within prison walls.

  3. Ann Jones

    I did not know of your alliance with private prisons. I will move my money elsewhere if you don’t break the relationship. I am very opposed to privately run prisons. Criminalization of immigration is opposed to my values as well!

  4. Ernest

    Private Prisons ar just another fform of Slavery for profit. No form of rehab. Abusive.

    How would you feel if you got set to one and you are not guilty and it take you months or years to prove you are inocent.

  5. Hells Fargo, shape up, or we’ll leave you, in droves.

  6. Jane Donelon

    I urge you to stop this shameful support or I will end my relationship with you.

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