The city of Milwaukee borrowed an estimated $26 million in “police brutality bonds,” allowing banks and investors to collect $3.9 million in fees and interest from 2008-2017, according to a new report.
Few communities are known by their ZIP codes, but Milwaukee’s 53206 is an exception. The statistics are grim. For example, 62 percent of black men in 53206 are incarcerated, the highest percentage in the country, and 44.6 percent of individuals live below the poverty line. But there is much more to 53206 than these statistics.