Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

SunTrust to stop financing companies that manage private prisons
Reuters ^ | July 8, 2019 | Staff

Posted on 07/08/2019 8:08:54 AM PDT by C19fan

SunTrust Banks Inc said on Monday it will no longer provide future financing to companies that manage private prisons and immigration holding facilities.

"This decision was made after extensive consideration of the views of our stakeholders on this deeply complex issue," the company said in a statement.

(Excerpt) Read more at nasdaq.com ...


TOPICS: Business/Economy
KEYWORDS: aliens; banking; border; crime; finance; immigration; left; prisons; suntrust; woke
BofA started this. These banks need to make sure a competitor does not out-woke it. I find the irony is SunTrust did a financing deal for a for-profit college. This so-called college had a 66% drop out rate, cost more than a public university despite most of the learning is online,and spent way more on marketing than actual instruction.
1 posted on 07/08/2019 8:08:54 AM PDT by C19fan
[ Post Reply | Private Reply | View Replies]

To: C19fan

BB&T’s CEO is suppose to be anti establishment. Perhaps the merger was for Sun Trust (possibly a liberal fascist company) to take control of BB&T. This is interesting. Just watching all of there companies being taken over by liberal facism.


2 posted on 07/08/2019 8:11:06 AM PDT by Democrats hate too much
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

Open the prison gates and give the murderers and rapists a free bus pass to closet SunTrust and BofA. Give a free bus pass to every illegal to the closet liberal demonrat’s house.


3 posted on 07/08/2019 8:11:44 AM PDT by bgill
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

I’m sure the new version of acorn is behind this.


4 posted on 07/08/2019 8:13:09 AM PDT by Track9
[ Post Reply | Private Reply | To 1 | View Replies]

To: Track9

Yeah, who is putting pressure on these people?


5 posted on 07/08/2019 8:13:48 AM PDT by BookmanTheJanitor
[ Post Reply | Private Reply | To 4 | View Replies]

To: C19fan

Good. As long as they are being selective with the social justice crap, let them self insure too instead of the US taxpayer backing them up.


6 posted on 07/08/2019 8:19:32 AM PDT by headstamp 2
[ Post Reply | Private Reply | To 1 | View Replies]

To: Democrats hate too much
stakeholders?

"Stakeholders" are not "Stockholders."

7 posted on 07/08/2019 8:20:17 AM PDT by Ace's Dad (Trump 2020!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: C19fan

Bank at Sun Trust?

Close your account.


8 posted on 07/08/2019 8:20:42 AM PDT by Responsibility2nd
[ Post Reply | Private Reply | To 1 | View Replies]

To: Democrats hate too much

Blame MBA programs.

They’ve become Liberal indoctrination programs just like every other non-STEM academic program in this country.


9 posted on 07/08/2019 8:21:14 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Democrats hate too much

I have been with BBT since 1980. I just sent them an email to tell them I am closing all accounts as soon as possible.


10 posted on 07/08/2019 8:21:51 AM PDT by Calvin Cooledge
[ Post Reply | Private Reply | To 2 | View Replies]

To: Responsibility2nd

They unfortunately hold my mortgage.

I could pay it off now if I wanted to. I don’t particularly want to, but if this keeps up I might have to.


11 posted on 07/08/2019 8:22:05 AM PDT by rightwingintelligentsia (Democrats: The perfect party for the helpless and stupid, and those who would rule over them.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Ace's Dad
"Stakeholders" are not "Stockholders."

Great catch! The ultimate Leftist goal is to make all employees and everybody in the community a "stakeholder" with a voting interest equal to actual stockholders.

In other words, Communism.


12 posted on 07/08/2019 8:22:29 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: C19fan

The progressive-corportist complex marches on. And what will the response of the GOP be? Crickets, guaranteed.


13 posted on 07/08/2019 8:22:32 AM PDT by lodi90
[ Post Reply | Private Reply | To 1 | View Replies]

To: BookmanTheJanitor

Yeah, who is putting pressure on these people?


Progressives have long dominated the corporate world. We’re just seeing more aggressive policies from them now. Before it was “climate change” support. Now it’s a direct assault on unapproved business sectors.


14 posted on 07/08/2019 8:25:39 AM PDT by lodi90
[ Post Reply | Private Reply | To 5 | View Replies]

To: C19fan

“BofA started this.”

A.P. Gianinni founded BofA as The Bank of Italy in San Francisco to be “The People’s Bank.” The turds that now run it moved its HQ to North Carolina from SF years ago, probably because they knew that AP was turning over in his grave over what had become of his bank! And this sort of “takeover” by the company-running Liberal RAT Harvard MBAs ( We used to call them “HUMBAS” where a number of them had settled in in the Silicon Valley Co. where I worked) seems to afflict most successful companies as they are sold by their founders. Starbucks, BofA, NBC, CBS, you name it, are all run by the same class of human waste from our “business schools.”


15 posted on 07/08/2019 8:31:48 AM PDT by vette6387
[ Post Reply | Private Reply | To 1 | View Replies]

To: lodi90; BookmanTheJanitor

Probably mutual funds and hedge funds. They’ve long been politically active and wield a lot of influence in the corporate world.
I member in the 90’s they were the source of all the companies instituting “diversity” training for employees.


16 posted on 07/08/2019 8:38:52 AM PDT by DannyTN
[ Post Reply | Private Reply | To 14 | View Replies]

To: C19fan
This decision was made after extensive consideration of the views of our stakeholders

So they can do business or not do business with whom they choose but a bakery cannot?

ML/NJ

17 posted on 07/08/2019 9:15:47 AM PDT by ml/nj
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

The private prison system should be investigated for corruption. If state and federal administration and guards can be bribed by the criminal cohorts of the imprisoned for better conditions and privileges, imagine the attraction to rent-a-cop status private guards.


18 posted on 07/08/2019 9:59:31 AM PDT by JimRed ( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson