- Cities across America are financing settlements with police brutality victims by issuing specific ‘police brutality bonds’.
- From 2008-2017, the Action Center on Race & the Economy found that cities issued $837.8 million in police brutality bonds and paid $1.03 billion in interest to bond investors.
- Major bond investors include Wells Fargo, Goldman Sachs & Bank of America.
- Chicago alone accounted for $709.3 million in police brutality bond issuance.
- Pushing the burden of financing police brutality settlements onto future taxpayers limits push for immediate change.
How Wall Street Profits From ‘Police Brutality Bonds’
(06/20/2018)