Judge who sold juveniles to jails gets 28 yrs

[SteelCitySouth]

(09-04-2015, 11:15 AM)jakefromstatefarm Wrote: The US Department of Justice statistics show that, as of 2013, there were 133,000 state and federal prisoners housed in privately owned prisons in the US, constituting 8.4% of the overall U.S. prison population.[12] Broken down to prison type, 19.1% of the federal prison population in the United States is housed in private prisons and 6.8% of the U.S. state prison population is housed in private prisons.[12] While 2013 represents a slight decline in private prison population over 2012, the overall trend over the past decade has been a slow increase [12] Companies operating such facilities include the Corrections Corporation of America, the GEO Group, Inc. (formerly known as Wackenhut Securities), and Community Education Centers. In the past two decades CCA has seen its profits increase by more than 500 percent.[13] The prison industry as a whole took in over $5 billion in revenue in 2011.[14]

According to journalist Matt Taibbi, Wall Street banks took notice of this influx of cash, and are now some of the prison industry's biggest investors. Wells Fargo has around 100 million invested in GEO Group and 6 million in CCA. Other major investors include Bank of America, Fidelity Investments, General Electric and The Vanguard Group. CCA's share price went from a dollar in 2000 to $34.34 in 2013.[14] Sociologist John L. Campbell and activist and journalist Chris Hedges respectively assert that prisons in the United States have become a "lucrative" and "hugely profitable" business.[15][16]

I know they are making a profit jake...I agree with you that it is coming from somewhere, I am asking where.  This provides none of those answers.