Thread by @RealBankReform

Private equity firms make tremendous profits investing in business practices and industries that reinforce systemic racism. Thread:
medium.com/@RealBankRefor…

Private equity investors invest in for-profit private prisons and detention centers, prison phone calls, and electronic monitoring of ex-offenders re-entering the community. pestakeholder.org/issue/civil-ri…

Private equity firms also profit from the xenophobic immigration policies of the Trump Admin, including the policy of violently separating migrant children from their parents. @MRVAssociates bit.ly/2Uza0n6

Members of Congress, including @SenWarren, @AOC, and @repmarkpocan, also have criticized private equity’s exploitation of incarcerated people and their relatives.

https://twitter.com/SenWarren/status/1179145449611157507?s=20

Organizations like @ColorOfChange, @WorthRises, and the @AFTunion have also called for ending private equity’s racist profiteering from prisons and detention centers.
bit.ly/2UQjevt

Private equity firms also invest in police violence by supplying pepper spray, tear gas, and rubber bullet-spraying sting grenades, like those used against #BLM protestors in several states and on migrants at the U.S. border, in the past.
bit.ly/2XR3rOA

Private equity firms own some of the biggest payday and high-installment lenders that trap borrowers in long-term cycles of debt. Payday sharks frequently expand their practices in majority Black, Latinx communities.
bit.ly/37mnyY5

Upholding that #BlackLivesMatter and fighting racism in all its forms must include holding private equity accountable for their business practices profiting from systemic racial oppression.
medium.com/@RealBankRefor…