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November 18, 2019
NASHVILLE, Tenn. — The head of a giant private prison company says his firm is prepared for the “worst case scenario” should a Democratic presidential candidate win the 2020 election and attempt to abolish private involvement in the prison sector.
CoreCivic CEO Damon Hininger addressed such a potential scenario in the company's latest earnings conference call last week when asked about the number of top Democratic presidential candidates who favor ending federal private prisons. He said Tennessee-based CoreCivic remains upbeat that the company would continue to earn money in such a scenario and noted the federal government currently does not have the infrastructure to house inmates without relying on private facilities.
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