Wells Fargo and Bank of the West have been investing in Core
Civic and GEO Group, the two main private prison companies running detention
centers on the border. Sonoma County currently has investments in these two
major banks.
On July 23rd, protestors gathered to call on the Sonoma
County Board of Supervisors. Their demand?
Begin a process that could lead the county to divest taxpayers’ money
from the two banks. But when do ethics overpower financial incentives?
Activists may call for divestment, but the county treasury is concerned about
the loss of revenue. KRCB’s Isabella Bloom has the story.
Since the protest, Vice President of GEO Group Kathy
Prizmich, who happens to live in Sonoma County, sent a letter to Hopkins,
urging the board not to divest. You can read about that update on our website
norcalpublicmedia.org.