Below the Surface of ICE: The Corporations Profiting From Immigrant Detention

Source: In These Times

From the October 2018 issue

ABOUT 60 MEMBERS of ICE Out of LA faced off with a handful of Trump supporters outside Los Angeles Police Department headquarters July 23. The Immigration and Customs Enforcement (ICE) abolitionist group was there to confront County Sheriff Jim McDonnell, accused of transferring immigrants into federal custody. The Trump fans were there to troll.

“We tell McDonnell to stop siding with people who promote hate in our community,” one young Latino protester shouted through a bullhorn. “He can abolish ICE here.” It was everything you’d expect from a political demonstration focused squarely, if optimistically, on changing the mind of a single policymaker.

Two days later, 2,400 miles away, activists with Make the Road New York and other groups tried a different approach. They blocked Park Avenue underneath the Upper East Side roof-level penthouse of JPMorgan Chase CEO Jamie Dimon, rather than outside a government building. Their speakers blared the now-infamous cries of detained migrant children for their parents.

JPMorgan Chase holds no direct contract with ICE and doesn’t handle financial services at ICE facilities, but it does enable and profit from the private-prison duopoly of Geo Group and CoreCivic, which operate most U.S. migrant detention centers. Since Donald Trump took office, JPMorgan has increased its stockholdings in Geo Group and CoreCivic 15,600 percent. The bank has also provided at least $167.5 million in debt financing to the two companies, which rely on borrowed money.

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