Prison REITs Sink After U.S. Ends Privately-Run Jails

The video discusses the significant developments in the private prison industry, highlighting a major decision affecting federal contracts. It traces the industry's history, financial dependencies, and the impact of public sentiment and investigative reports. The discussion covers the implications for major private prison operators and the potential for future policy changes at federal, state, and local levels. The video concludes with an analysis of the broader trend towards reducing reliance on private prisons.

What historical event helped save the private prison industry in the late 1990s?

• A bailout by the Democratic Party

• A surge in public support

• Contracts released by the GOP

• A decrease in crime rates

What percentage of Corrections Corporation of America's revenue came from the federal government in 2015?

• 51%

• 25%

• 75%

• 11%

Which federal agency is phasing out its contracts with private prisons?

• Bureau of Prisons

• Immigration and Customs Enforcement

• Department of Homeland Security

• US Marshals Service

What is the expected trend for state and local governments regarding private prison contracts?

• Expansion of private prison facilities

• Increase in contracts

• No change in contracts

• Reduction in contracts

What policy shift is mentioned as being detrimental to private prison corporations?

• Policies that expand private prison contracts

• Policies that increase federal funding

• Policies that lock up fewer people

• Policies that increase incarceration rates