Four national banks have cut ties with the Nashville-based CoreCivic, a private prison and detention center company, reportedly because of political pressure from leftist politicians, including Alexandria Ocasio-Cortez and Elizabeth Warren.
CoreCivic officials told The Tennessee Star that Ocasio-Cortez, Warren, and others are outright lying about their company and how they handle illegal immigrants.
And, because of that, the company has reportedly lost business with banks including SunTrust, Bank of America, JPMorgan Chase, and Wells Fargo.
According to The American Spectator’s website, Ocasio-Cortez and Warren “have exploited the illegal immigrant crisis to stir public sentiment against the private detention industry.”
As a part of this, as reported, Ocasio-Cortez made bold claims about the conditions at one facility that housed illegal aliens — claims that people in authority have since discredited.
“CoreCivic’s ordeal — the company is not affiliated with the facility that Ocasio-Cortez visited and does not operate facilities on behalf of U.S. Customs and Border Protection,” The Spectator reported.
Firms are now accountable for the problems of their competitors, according to The Spectator.
“These sudden, on-the-fly decisions indicate a worrying susceptibility of financial institutions to cow-tow to political pressure — the kind created by the sensationalist dust-clouds kicked up by Ocasio-Cortez. Financial institutions are expected to be relatively staid, predictable, and impartial,” The Spectator went on to say.
“These actions suggest that banks bend to activists that seek to transform cultural and economic institutions into participants in a crusade against supposed social injustices.”
CoreCivic spokeswoman Amanda Gilchrist told The Star in an emailed statement it’s not just CoreCivic that gets hurt by all this.
“The most disappointing aspect of these politicized banking decisions, disingenuous activist efforts and no-solution proposals from politicians is the people who they ultimately hurt. It hurts the American people because important policies are being discussed, made or avoided based on misinformation rather than an open and honest dialogue on the challenges at hand,” Gilchrist wrote.
“It hurts migrants because it limits the ability of our government to partner with the private sector to provide safe, humane housing and critical services while they receive the legal due process they’re entitled to. It hurts the incarcerated who should never be in the overcrowded, dangerous conditions we help alleviate and who will be better equipped for success with the wide variety of reentry programming we provide.”
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