Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Big Banks Actually Do The Right Thing
Posted
July 17, 2019
Views
39,041
Likes
1,367
Comments
127
Engagement
3.83%
July 17, 2019
39,041
1,367
127
3.83%
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6:55Now PlayingActivism works! Protesters pressured a few big banks to divest from private prison companies.
Ana Kasparian, Aida Rodriguez, and Jayar Jackson, hosts of The Young Turks, break it down. MORE TYT
Read more here
"BNP Paribas SA will no longer finance private prison companies, joining a wave of banks pulling out of the business amid criticism of the conditions in U.S. detention facilities.
“This decision is the result of the bank’s internal and external consultative process that ensures that clients’ practices are aligned with the group’s policies,” BNP Paribas said Saturday in an emailed statement. “Today, BNP Paribas has a limited exposure to this sector and following its latest decision, the bank will no longer commit to new financing facilities within this sector.”
Protesters have pushed lenders to abandon private prison companies, citing conditions in facilities that have held immigrant families. Senator Elizabeth Warren, a Democratic presidential candidate, has said she would ban private prisons if elected."
Hosts: Ana Kasparian, Aida Rodriguez, Jayar Jackson
Cast: Ana Kasparian, Aida Rodriguez, Jayar Jackson
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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