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What Next | Daily News and Analysis

Big Banks Say “No” to Private Prisons

What Next | Daily News and Analysis

Slate Podcasts

News, News Commentary, Daily News

4.32.4K Ratings

🗓️ 13 March 2019

⏱️ 16 minutes

🧾️ Download transcript

Summary

If you made your way up to 1185 Park Ave. on the Upper East Side of New York, you’d find an apartment building that looks like a castle. It’s the apartment of Jamie Dimon, CEO of JP Morgan Chase. Back in February protesters stood on the sidewalk and chanted up at him hoping to end JP Morgan Chase’s business with the private prison industry.

It worked.

Who are the protesters looking at next?

Guests: Tracy Jan, reporter at the Washington Post, and emoji activist Jennifer 8. Lee.

Tell us what you think by leaving a review on Apple Podcasts or sending an email to whatnext@slate.com. Follow us on Instagram for updates on the show.

Podcast production by Mary Wilson, Jayson De Leon, and Anna Martin.


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

The CEO of J.P. Morgan Chase, Jamie Diamond. He lives on the Upper East Side of Manhattan, 1185 Park Avenue.

0:12.4

It's the kind of apartment building that's more like a castle. It's got these huge Gothic arches, and there's a big interior courtyard you can drive right into.

0:23.0

It's the kind of place you move because you value quiet.

0:26.3

Privacy.

0:27.7

Jamie Diamond,

0:29.0

listen.

0:30.2

And that's probably why over the last year,

0:34.1

protesters have decided this building is a good place to be loud.

0:44.9

This group is chanting, Jamie Diamond, listen to us. We are in this fight.

0:50.8

Washington Post reporter Tracy Jan has been writing about these protesters.

0:54.6

Most recently on Valentine's Day, a group of them actually went back to Jamie Diamond's apartment in Manhattan

1:01.3

and tried to serenade him. He didn't actually show up.

1:07.0

But they had a mariachi band there.

1:12.5

And then some of them actually eventually went to J.P. Morgan later that morning to deliver yet another petition asking the bank to divest from private prisons.

1:25.6

These protesters are immigration rights activists.

1:29.8

They know they can't control the Trump administration's approach to border security.

1:34.1

So they're trying to control something else.

1:36.8

The people who fund it.

1:39.0

Last year, private prisons that detain migrants along the border got nearly $2 billion from America's biggest

1:46.1

banks. A lot of their corporate leaders, CEOs have actually spoken out against Trump's

1:52.1

immigration policies, most vehemently against his Muslim ban and also repealing DACA, as well as

1:59.8

the separation of children from their families last summer at the border.

...

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