US to end federal use of private prisons – BBC News

Contracts with 13 private prisons will be reviewed and and allowed to expire over the next five years.”They do not save substantially on costs and … they do not maintain the same level of safety and security,” Deputy Attorney General Sally Yates said explaining the decision.The majority of US prisoners are held in state-run prisons.

On Wall Street, the stocks of private prison companies declined sharply after the news was announced.By Thursday afternoon, Corrections Corp stock had plunged by nearly 50%.An Inspector General’s report released this month found that private prisons saw higher rates of violent incidents and rule infractions in comparison with government-run institutions.During the Democratic presidential primary race, Hillary Clinton’s main rival Senator Bernie Sanders made a campaign promise to end the “private, for-profit prison racket”.

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Categories: Prison Reform

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