Wells Fargo, king of private prisons, shut down for the day; seven arrested

[Fire Walk With Me]

http://sfbayview.com/2012/wells-fargo-king-of-private-prisons-shut-down-for-the-day-seven-arrested/

Santa Rosa, Calif. – On Dia de Reyes, the Day the Three Kings, a false king was exposed. Wells Fargo is the king of private prison finance, a king who shows no remorse as it forecloses on the houses and homes of its victims. But, on Friday afternoon, Jan. 6, two branches of Wells Fargo in Santa Rosa were closed for the day and seven people were arrested after they did civil disobedience inside the banks.

The protest, a collaboration between the immigrant rights community and the Occupy movement, drew 400-500 people for a march and rally. Their target, Wells Fargo, is the trustee of a fund that is heavily invested in two private prison corporations, Corrections Corporation of America and the GEO Group. These corporations own a majority of the detention centers that house undocumented immigrants across the U.S.

These same corporations helped draft the model for the Arizona anti-immigrant law, SB 1070, insuring a steady stream of immigrant prisoners for their private detention prisons. Because they contract with the U.S. government at a cost to taxpayers of $5.5 million a day, they profit from the misery of the immigrants and their community.

[SixthSense]

1. imprisonment for profit is an act of war

time we started treating it like one

[dkf]

2. So why isn't Wells listed as a top institutional holder?

http://finance.yahoo.com/q?s=Cxw&ql=1

Are they complaining that Wells has the account of people who own corrections corp? Do these protestors know what they are doing?

[unionworks]

3. Own much

...stock in Wells Fargo? K&R

[dkf]

6. I'm sure some fund I own has some.

I bet some pension of yours is invested in them too.

I think it's funny how union people don't realize their pensions rely on evil corporations.

[jeff47]

5. The story explains that

"Their target, Wells Fargo, is the trustee of a fund that is heavily invested in two private prison corporations, Corrections Corporation of America and the GEO Group."

It's kinda like protesting the aunt of the cousin of the friend of the father of the former roommate of your target.

[lonestarnot]

4. K & R!