Police brutality will never end as long as Wall Street stands to make a profit.
Cities pay out hundreds of millions in police brutality settlements—in 2018, New York City paid nearly $237 MILLION. So how do cities afford it?
Some sell investors “police brutality bonds” to raise the money. From ’08-’17, Chicago sold more than $700 million in these bonds, and investors collected $1 billion in interest. Wall Street banks serve as the middle man & make millions off every deal. https://www.vice.com/en_us/article/akzkze/how-wall-street-profits-from-police-brutality
. @WellsFargo recently called the BLM movement “a watershed moment.” In 2018, they settled a massive lawsuit for predatory lending to Black and Latinx home buyers. And in 2014, they made $1.72 million on a police brutality bond sale.
Following George Floyd’s murder at the hands of Derek Chauvin, @GoldmanSachs created a fund for racial equity. In 2017, they made a profit of $1.8 million dollars off just one Chicago police brutality bond.
The federal government subsidizes military weaponry to police forces, and Wall Street profits from our deaths. From payday loans to predatory lending to police brutality bonds, our lives are held ransom while corporations turn a profit.

The system was designed to work this way.
You can follow @CoriBush.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: