National day of action planned on January 24
presstv.ir
Mon Jan 23, 2012 4:10PM GMT
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The Private Prison Industry Divestment Campaign is hosting a national day of action on January 24, to mount protests in multiple cities across the U.S. to call on Wells Fargo and other companies who profit handsomely from the private prison industry to divest of their holdings, according to Why I Hate CCA.
Wells Fargo is one of the largest investors in detention centers, imprisoning thousands of immigrant workers to be deported.
Wells Fargo controls 4 over million shares in Geo Group and 50,000 shares in Corrections Corporation of America (CCA), according to the most current Security and Exchange Commission filings, with combined prison holdings valued upwards of $120 million. Geo Group is also a business client of Wells Fargo. Wells Fargo and Geo have shared the same lobbyists in Washington D.C.
For-profit prisons receive an average of $122 a day per person in detention. The average number of people in detention is over 30,000, at a cost to taxpayers of over $3.6 million daily, according to the National Prison Divestment Campaign.
In October 2011 campaign partners around the U.S. participated in “Occupy Wall Street” actions, highlighting the role of for-profit prison industry and its investors (including Wells Fargo and Bank of America) in the proliferation of anti-immigrant laws and policies. Arizona-style laws have filled detention centers, increasing profits to these corporations at the cost of human misery, the NPDC said on its website.
The Private Prison Divestment Campaign brings to light the connections between Wall Street, Immigration, and the prison industrial complex. The Campaign is forming new strategic alliances and exposing Wall Street as the problem so that we can shift the immigration debate, the NPDC said.
RH/ARA
