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Trumpeting Happiness Behind Bars

It's funny how fortunes have changed since the surprise election of Donald Trump.  One of the big winners were the two prison REITs, who were recently…

By Anthony J. LoPinto | anthonylopinto | Updated on December 06, 2016

Anthony LoPinto Anthony LoPinto

It’s funny how fortunes have changed since the surprise election of Donald Trump.  One of the big winners were the two prison REITs, who were recently pummeled by the Obama Administration’s public announcement that it planned to phase out private prisons. The announcement followed a Justice Department monitoring report indicating some safety and security problems at their prisons.

I must admit, when I first heard the news about concerns over the private systems, I reflected that most government controlled systems are widely viewed as a disaster.  With Trump’s win, the largest company, CoreCivic has rallied 43%, not only because Trump is unlikely to follow Obama’s lead, but his aggressive immigration policy may even fill the prison cells to overflowing.

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