Sat, May 18, 2013, 11:52 PM EDT - U.S. Markets closed
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Depending on California prisoners is a nightmare. The state is issuing vouchers and drastically cutting back its prison population.GEO got a permit to build near its Lawton, OK prison last year and has yet to make any progress on the construction. There are 3,000 empty for-profit prison beds in that state.GEO bid to lease a mothballed state prison near Vegas but was turned down. In this market, there are no financing schemes that will bail it out.