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[quote=Anonymous]I hope y'all who are counting up your investment returns made sure to catch the run-up in private prison stocks too. Just think if you'd gotten in on the ground floor of the Nazi concentration camps....

From yesterday's earnings calls - you could hear the CEOs salivating over the line

[b]Referring to a proposed Republican spending bill earlier this year that would have funded 50,000 beds in immigration detention, Hininger said that figure now “feels to be a floor, especially with Republicans now going to control both the Senate and likely the House.” He referred to press reports suggesting a “much higher level” of potential detention capacity, and said the company was working on a plan to make “every single bed that we’ve got in the enterprise” available for use. Zoley said GEO Group was “well-positioned” to scale up from its current 13,500 ICE detention beds to “over 31,000 beds.”

He separately noted that other contracts with federal, state and local governments cover 85,000 beds, and that the company could redirect those contracts toward these federal purposes. There will likely be a “scramble” for beds, he said later, “and we believe ICE will have top priority on all available beds around the country.”

Zoley also referred to the potential for “the need for some soft-sided facilities around the country” to jail “lower”-security detainees.[/b]

[b]Responding to a question about the difference between detaining people who’ve just crossed the border, and people who are in deportation proceedings beginning in the interior of the country, Zoley emphasized that private jails would be necessary.

“I’ve been told recently [that it will take] several weeks if not a few months to detain these people and make final arrangements for their removal,” he said. GEO Group didn’t respond to questions about who “told” him that.[/b]

https://www.msn.com/en-us/news/us/private-prison-companies-call-trump-s-deportation-plans-unprecedented-opportunity/ar-AA1tHXKb

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