How Wall Street Profits From ‘Police Brutality Bonds’

The Crime Report (06/20/2018)
  • 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.