Friday, November 6, 2009

Why I Hate GEO today

A top-flight fundraiser for dubya is on trial for insider trading involving his stock activity with Correctional Services Corp right before it was purchased by the GEO group. Zach Zachariah's (seriously, that's his name) brother was working as a consultant for GEO at the time and tipped him off to the acquisition, in which he purchased 35,000 shares of stock at $21 that was going to be sold at $26 the next day.

Mind you, this is the same company that ole dick was involved with (i.e. investing tons of money in) that spawned the conflict-of-interest suits brought by DA Juan Guerra about a year ago. That suit revolved around cheney having a considerable sum invested in the company while dictating (yes, that's what he did) immigration policy that subsequently exploded the immigration detention business, of which GEO has been a major player. So cheney dictated policy for his own financial advantage. Who would have thought?

So this is now two people very closely tied to Bush that have had very shady investment activity in one of the major private prison operators in the country. No wonder they're able to continue their operations in light of the fact that they continuously fail to live up to the standards of government-run facilities.

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