Jul 25, 2018
JPMorgan Chase CEO Jamie Dimon became the latest power broker to be directly confronted with the outrage of immigrant rights advocates, as CREDO Mobile, Make the Road New York, and other groups led a protest outside Dimon's Manhattan apartment building over his bank's financing of immigration detention centers.
\u201cRain or shine, we take on Corporate #BackersofHate like Jamie Dimon, CEO of @jpmorgan @Chase!\n \nWe are here to deliver more than 100,000 petition signatures and letters collected by @CREDOMobile, MRNY and @popdemoc asking him to divest from immigrant detention companies now!\u201d— Make the Road NY \ud83e\udd8b (@Make the Road NY \ud83e\udd8b) 1532523904
Police began arresting some of the protesters at about 10:00am.
\u201c#BREAKING community leaders from our team were arrest today! In front of Jamie Dimon\u2019s house to send a clear message: STOP bankrolling oppresion! \n\nNo more investing in private prisons and detention centers. #BackersofHate\u201d— Make the Road NY \ud83e\udd8b (@Make the Road NY \ud83e\udd8b) 1532526939
"Private detention companies like CoreCivic and the Geo Group continue to be financed by Corporate #BackersofHate like JPMorgan Chase and Wells Fargo, who profit enormously from our communities' pain and the separation of families," read the event's Facebook page.
JPMorgan Chase has loaned tens of millions of dollars to CoreCivic, as well as underwriting numerous multi-million dollar corporate bonds for the company. The bank also has at least $72 million invested in the Geo Group. Both for-profit prisons have government contracts under which they run immigrant detention facilities that have filled up in recent weeks with parents and children who have been forcibly separated under President Donald Trump's "zero tolerance" immigration policy.
Standing in the rain, immigrants and allies blocked morning traffic on Park Avenue, played recordings of crying children who have been held for weeks in detention centers, and held up signs reading, "Stop the Backers of Hate" and "Jamie Dimon: Stop Bankrolling Oppression!"
\u201cHappening now: Immigrants and activists outside of the condo of @Chase CEO Jamie Dimon playing the recordings of the children from detention centers demanding that they stop financing hate #BACKERSOFHATE #FamiliesBelongsTogether @MaketheRoadNY @CPDAction\u201d— New York Communities for Change (@New York Communities for Change) 1532522066
\u201cHappening now: Park Ave shut down in both directions outside of the residence of Jamie Dimon, ceo of @Chase #backersofhate #FamiliesBelongsTogether\u201d— New York Communities for Change (@New York Communities for Change) 1532524848
The demonstrators came armed with the signatures and letters of more than 100,000 immigrant rights advocates, demanding that JPMorgan Chase divest from the for-profit prisons.
"Jamie Dimon, in the past two years, 22 people have died in detention centers that you finance," said Ana Maria Archila of the Center for Popular Democracy. "JPMorgan Chase has to divest from private prisons and detention centers. You can no longer say you aren't aware of this issue!"
On Tuesday, dozens of demonstrators staged a similar action in New Jersey, where they delivered 70,000 petitions to the home of Wells Fargo board member Maria Morris demanding that the bank end its financing of for-profit prisons. The bank has investments in both GEO Group and Core Civic.
\u201cBREAKING: Immigrant kids and families deliver nearly 70,000 petitions to the home of Mar\u00eda Morris of @WellsFargo demanding an end to financing of private immigration detention centers. #familiesbelongstogether #BackersOfHate\u201d— Make the Road New Jersey \ud83e\udd8b (@Make the Road New Jersey \ud83e\udd8b) 1532434032
\u201cWe are here to Urge @WellsFargo to stop financing @CoreCivic and GEO Group, two private prison corporations that profit from detention.\u201d— Make the Road New Jersey \ud83e\udd8b (@Make the Road New Jersey \ud83e\udd8b) 1532432931
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