As the costs of police misconduct rise, cities and counties across the United States are going into debt to pay for it. Often this debt is in the form of bond borrowing. When cities or counties issue bonds to pay these costs, banks and other firms collect fees for the services they provide, and investors collect interest. The use of bonds to pay for settlements and judgments greatly increases the burden of policing costs on taxpayers, while producing a profit for banks and investors. Using bonds to pay for settlements or judgments can nearly double the costs of the original settlement. All of this is paid for by taxpayers.
These police brutality bonds quite literally allow banks and wealthy investors to profit from police violence. This is a transfer of wealth from communities–especially over-policed communities of color–to Wall Street and wealthy investors, and it needs to stop.
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How Wall Street Profits from Police Violence