Prison Stocks Nosedive on DOJ Announcement to End Private Prison Contracts
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Prison Stocks Nosedive on DOJ Announcement to End Private Prison Contracts
By Matt Zapotosky
The Justice Department plans to end its use of private prisons after officials concluded the facilities are both less safe and less effective at providing correctional services than those run by the government.
Deputy Attorney General Sally Yates announced the decision on Thursday in a memo that instructs officials to either decline to renew the contracts for private prison operators when they expire or “substantially reduce” the contracts’ scope. The goal, Yates wrote, is “reducing — and ultimately ending — our use of privately operated prisons.”
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The moment I saw this news my first thoughts were; Oh my gosh-! This is the most monumentous US news I’ve heard in a long time! Is it possible? What will Catherine think about this? Is it really possible that this horrible system that turns human souls into money is getting the ax?
So now my “too-good-to-be-true” alarm is ringing, and Im wondering—what’s the catch? Can this truly be as straightforward as common sense budget reforms, or is there some way in which they’ve harvested all of the money out of it and leaving taxpayers with the bill?
I think the “too good to be true” aspect is the leadership has a lot more confidence in their mind control technology to do “free range” control.
The moment I saw this news my first thoughts were; Oh my gosh-! This is the most monumentous US news I’ve heard in a long time! Is it possible? What will Catherine think about this? Is it really possible that this horrible system that turns human souls into money is getting the ax?
So now my “too-good-to-be-true” alarm is ringing, and Im wondering—what’s the catch? Can this truly be as straightforward as common sense budget reforms, or is there some way in which they’ve harvested all of the money out of it and leaving taxpayers with the bill?
I think the “too good to be true” aspect is the leadership has a lot more confidence in their mind control technology to do “free range” control.