from the American Spectator:
Big Banks Cave to Pressure From AOC
Seeking to appease progressive lawmakers, banks turn their backs on the law — and common sense.
SunTrust, a bank holding company centered in the southeastern U.S., announced on Monday that it will terminate its business relationship with CoreCivic, a leading American private prison and detention center company. The announcement was accompanied by a statement claiming that SunTrust’s decision was “made after extensive consideration of the views of our stakeholders on this deeply complex issue.”
SunTrust is the fourth major bank to exit the private corrections industry, following Bank of America in late June and JPMorgan Chase and Wells Fargo in March. These U.S. financial institutions ignore their contractual obligations in favor of tailoring their business dealings to the whims of progressives in Congress.