Justice Dept Announces it Will End Use of For-Profit Prisons … Prison Stocks Plummet
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In a stunning turn of events, the U.S. Department of Justice announced Thursday it will no longer use private prisons to incarcerate federal prisoners, deeming the notorious for-profit facilities both less safe and less effective in providing correctional services than those operated by the government.
“They simply do not provide the same level of correctional services, programs, and resources; they do not save substantially on costs; and as noted in a recent report by the Department’s Office of Inspector General, they do not maintain the same level of safety and security,” Deputy Attorney General Sally Yates explained in today’s announcement.
According to the Washington Post, a memo from Yates instructs officials to either decline to renew private prison contracts upon their expiration, or “substantially reduce” the contracts’ scope.
This announcement comes on the heels of a rather scathing report from the DOJ’s inspector general last week which found the nefarious privately run facilities had a greater number of safety and security incidents than those run by the Federal Bureau of Prisons.
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