Friday, August 21, 2015

private prison lobbyists bundle big bucks for granny...,


firstlook |  Hillary Clinton has a complicated history with incarceration. As first lady, she championed efforts to get tough on crime. “We need more police, we need more and tougher prison sentences for repeat offenders,” Clinton said in 1994. “The ‘three strikes and you’re out’ for violent offenders has to be part of the plan. We need more prisons to keep violent offenders for as long as it takes to keep them off the streets,” she added.

In recent months, Clinton has tacked left in some ways, and now calls for alternatives to incarceration and for greater police accountability. And while Clinton has backed a path to citizenship for undocumented people in America, she recently signaled a willingness to crack down on so-called “sanctuary cities,” a move that could lead to more immigrant detentions.

The future of both criminal justice reform and immigration are critical for private prison firms. The Geo Group, in a disclosure statement for its investors, notes that its business could be “adversely affected by changes in existing criminal or immigration laws, crime rates in jurisdictions in which we operate, the relaxation of criminal or immigration enforcement efforts, leniency in conviction, sentencing or deportation practices, and the decriminalization of certain activities that are currently proscribed by criminal laws or the loosening of immigration laws.”

footnote from the comments:  The majority owners of CCA were Vanguard Group and BlackRock, and the majority owners of Geo were Vanguard Group and Fidelity.

Now, what are the top four major investment firms which together have the controlling shares in the majority of major corporations in America (and also Europe, I believe)?

BlackRock, Vanguard Group, State Street (owned by BlackRock, but still retains the name) and Fidelity or FMR LLC.

Interesting, huh?

The historical monies in BlackRock would lead one to believe it is controlled by either the Rockefeller family, or else the Rockefeller and Cabot families.

Vanguard controls the Wellington Fund (advisor to the Wellington Fund is the Wellington Management Company, therefore financially interlocked with Vanguard), and since Vanguard is owned by their investors, the original majority investor in the firm which then changed its name to the Wellington Fund was (is?) the British branch of the Rothschild family. (While every random person always claims the Rothschilds own everything, this isn’t the case, but in this instance, it appears a probable.)

Fidelity is controlled by the Johnson family.

Three or four families, mainly Old Money, appear to be running the show?