The Business of Police Brutality : A Case for Separation | EP.104

Police brutality bonds allows banks and investors to make off police brutality to services and interest

Banks and firms provide services

Who are the firms?

Police brutality bonds

We call the bonds used to cover police related settlement and judgment costs “police brutality bonds”, because they quite literally allow banks and wealthy investors to profit from police violence. This is a transfer of wealth from communities—especially over-policed communities of color—to Wall Street and wealthy investors. The companies profiting from police brutality bonds include well known institutions like Wells Fargo, Goldman Sachs, and Bank of America, as well as smaller regional banks and other firms.

In our research into the use of police brutality bonds, we found that cities and counties across the United States issue bonds to pay for police brutality settlements and judgments

The cities range from giant metropolises such as Los Angeles to smaller cities like Bethlehem, Pennsylvania. Our report includes details on police brutality bonds in twelve cities and counties, including five in-depth case studies: Chicago, Los Angeles, Milwaukee, Cleveland, and Lake County, Indiana.

POLICE BRUTALITY BONDS

1. If cities must borrow to pay for settlements and judgments, banks and investors should not be allowed to profit from that.

2. Police officers must be forced to take out individual liability insurance policies to cover the costs of settlements and judgments caused by their misconduct.

3. Governmental bodies at the local, state, and federal levels must account for and provide full transparency about which officers are behaving in ways that lead to settlements

and judgments, how they are or are not being held accountable, who is paying for their misconduct and how, and who is profiting from these payments.

Billions of dollars paid to police brutality victims

113 million dollars paid to Chicago

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