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Trump’s Immigration Policy Shows Why Jails Are Risky Investments

Investing in jails and detention centers is one of the riskiest bets in the $3.8 trillion municipal bond market because they’re subject to the vagaries of politics and policymakers. According to research firm Municipal Market Analytics, jail bonds are among the most likely to go into default.

https://www.bloomberg.com/news/articles/2019-06-18/trump-s-immigration-policy-has-made-jails-risky-investments

Tim Holler