“Watchdog Praises Wells Fargo For Dropping 75 Percent of Prison Investments, Asks For More” @ Progress Illinois

Posted on November 14, 2012

Brandon Campbell — November 13, 2012: “Weeks after a watchdog group slammed the banking giant Wells Fargo for its financial ties to the private prison industry, that same group is praising the bank for backing off of some of those investments.

Citing information from the Securities Exchange Commission, The Public Accountability Initiative (PAI), a non-partisan corporate watchdog group said Wells Fargo divested nearly 75 percent of its holdings in the GEO Group, the nation’s second largest private prison company…………..”

Read more at Progress Illinois.