[iouiyyut]

As I explained to our esteemed "elders" before in my inquisition, I have many years of experience working with correctional facilities. This includes various Washington State and Nevada Correctional facilities. Hence I also have alot of friends whom are working in the business of corrections. Being business-minded and all, I tried to understand how the correctional facilities really work. Currently the money is with the so-called "federal" detention centers. Not surprisingly, because feds are the ones with the big check book. State, county, city jails are going thru various rounds of austerity measures and so on and so forth..Like our federal reserve system, there is nothing federal about these "federal" detention centers. Private management companies like corrections corporations of America and GEO usually affiliate themselves with these federal detention centers to get a big share of taxpayers dollars..They use taxpayers money to build these private corrections. Feds also pay them via taxpayer money to house inmates. The latest figure that I got from my friends is that feds pay these corporation about $ 150-$ 300 a day for one inmate. The pay depends on the classification of the prisoners. Feds also subsidize them for transportation cost. Hence it is a win-win situation for these private management companies. Let's say the build a 2000 beds facility, feds pay them $ 200 per day, per inmate for 360 days a years. You can see numbers add up quickly..All in the courtesy of US taxpayers..
http://www.ccpoa.org/news/tags/tag/c...ion+of+america

Correction Corporation of America Stock ticker..CXW, GEO ticker = GEO. Best to keep an eye out for these stocks..After all it is only your money at work here..LOL