Wells Fargo's support for Dakota Access is not the only reason activists like Pullen want Portland to stop doing business with the bank. Wells Fargo is also one of several major banks that lend money to the nation's two largest private prison companies, GEO Group and CoreCivic (the company formally known as Corrections Corporation of America). This financing allows the prison firms to expand and operate as special real estate trusts that enjoy massive tax breaks, according to the watchdog group In the Public Interest.
"By investing in Wells Fargo, along with other banks and Caterpillar, the city is giving its consent for incarceration, and for a corporate oil company to desecrate sacred Native burial grounds and use excessive police brutality on our First Nations People," Pullen said last week.
At www.truth-out.org
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