People around the U.S. are demanding that cities defund their local police departments. This webinar encourages us to take that demand one step further, and highlights the relationships between corporations and policing. We know that cutting the police budget is a first step towards the world we want to see but in order to fully fund our communities and invest in the things we need we must also redirect funding from the institutions that support policing.
The 2nd webinar in the series.
Police Brutality Bonds: How Wall Street Profits From Police Misconduct.
This webinar explores ACRE’s groundbreaking research on cities’ use of Police Brutality Bonds, the bonds issued to pay for police brutality settlements. Police brutality bonds generate fees for Wall Street firms like Bank of America and Goldman Sachs, and interest payments for investors, allowing them to literally profit from police violence. Borrowing can also drastically increase the costs of police violence, but these costs are not reflected in the official police budget.
The webinar covers how ACRE did the research for the report, how bonds work, some of ACRE's data sources and what other policing costs might be hiding in city budgets.