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Dec

Looking For A Safe Investment? Try Prisons

By Righty

This caught my eye. You can invest in the stock of prison firms. Or, you can buy public bonds.

For those of you who are concerned about the growth of the prison-industrial complex, a recent article in Forbes titled “Hiding Out In Prison Bonds” points to the private prison industry as a growth sector. One way to benefit is to invest in the stock of prison firms like Corrections Corporation of America and GEO Group (Wackenhut). But another investment option is through public bonds.

Since the early 1980s most of the new prisons in the United States have been designed, built, and operated by private firms. It’s a highly profitable business.

But where do they get most of their money to build new prisons? Not from their own stockholders, but from bonds issued by states and counties. Not general obligation bonds that are approved by voters, but rather from revenue bonds that are issued often with little public notice or input.

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Filed under: GOVERNMENT, IMMIGRATION

One Response so far

steveegg
December 26th, 2008
8:21 am

The Morning Scramble – 12/26/2008…

I couldn’t do blues yesterday, so between that and the freezing rain-to-rain that’s come down, it’s Blues Day Friday…

Some of you were actually busy blogging yesterday, so why not reward you with a Scramble.

Tom……

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Looking For A Safe Investment? Try Prisons

One Response so far