Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Dozens of New Yorkers assembled outside JPMorgan Chase CEO Jamie Dimon's home on Wednesday morning, demanding that his bank divest from private prisons which run immigrant detention centers. (Photo: @altochulo/Twitter)

At Rally Outside Jamie Dimon's Home, Immigrant Rights Advocates Demand #BackersOfHate Stop Bankrolling For-Profit Prisons

"JPMorgan Chase has to divest from private prisons and detention centers. You can no longer say you aren't aware of this issue!"

Julia Conley

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.

Police began arresting some of the protesters at about 10:00am.

"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!"

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.


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

Hopes Rise for Return to Iran Nuclear Deal Destroyed by Trump

"We stand five minutes or five seconds from the finish line," said one negotiator, who added that "three or four issues" that are "sensitive for Iranians and Americans" remain to be resolved.

Brett Wilkins ·


Sinema Received Over $500K From Private Equity Before Shielding Industry From Tax Hikes

"Remember the days when taking half a million bucks from an industry, and then passing legislation that only benefits that industry, while passing the costs onto everyone else, would be called corruption?" asked one critic. "Today it's just lobbying as usual."

Kenny Stancil ·


Wildlife Defenders Slam Senate Dems' Bill for Not Protecting Refuge in Alaska

"We will never stop fighting to protect these sacred lands, the Porcupine caribou, and our communities," vowed the Gwich'in Steering Committee's executive director.

Jessica Corbett ·


Fears of Hate-Inspired Serial Killer Grow as 4th Muslim Man Murdered in Albuquerque

"We're scared for our families, we're scared for our children," said one local Muslim leader. "And we are incredibly confused about why this is happening."

Jake Johnson ·


'Let Those Numbers Sink In': At Least 45 Palestinians Killed During Israeli Attacks on Gaza

The dead include 16 children and four women, according to Palestinian officials, who said that at least 360 others were injured.

Brett Wilkins ·

Common Dreams Logo