Private Prison Stocks Surge After Donald Trump Victory

Private prison corporations are also good for Wall Street banks

“An analysis of financial documents filed with the U.S. Securities and Exchange Commission (SEC) over the past 10 years shows that six Wall Street banks”—Bank of America, JPMorgan Chase, BNP Paribas, SunTrust, U.S. Bancorp and Wells Fargo—“play large roles in financing CCA’s and GEO Group’s debts,” states a report released today by In the Public Interest, a group that advocates for public control over state services.

and Trump should very well understand private prison financing

That debt financing is important: Both prison companies are, for tax purposes, formed as real estate investment trusts—their real estate being detention facilities that house well over 100,000 people.

President Trump Is Just What the Private Prison Industry Ordered

Talk about faux outrage.

Pre election 17 thousand some odd dow the market was in decline.

Since the election it went well over 19000 setting new records, until the pull back late last week, and today.

Lots of stocks went up. Locks of stock went down.

Pretty much like every day in the market.

a reply to: Indigo5

I don't think it's cherry picking either, Trump is all for it..want's to fill em up too..Stevie Wonder could see what's coming.
I wonder what his investments are in this regard?

originally posted by: vonclod
a reply to: Indigo5

I don't think it's cherry picking either, Trump is all for it..want's to fill em up too..Stevie Wonder could see what's coming.
I wonder what his investments are in this regard?

IF it had been a Clinton victory, and her new Wall Street, and gun control, and CLimate legislation.

Those prisons wouldn't be emptying.