Ana Navarro: “The ballroom, that was supposed to be privately paid, it’s not. The pool, it’s over budget and now it has to be repaired again, that’s coming out of your pocket. The replacing of the grass of the ellipse and this heliport he wants to build, that’s coming out of your pockets. The repaving of the Rose Garden, that’s coming out of your pocket. A lot of the expenses related to this disastrous flop of a state fair, that’s coming out of your pocket at a time when Americans can’t afford basic needs. When Americans don’t have money for healthcare, for groceries, for summer vacations, to pay for medicine or fill their tank with gas. This is what this guy is doing”
I CALLED IT, ANIMALS, AND YOU LAUGHED!!! Months ago I told you ICE would buy facilities DIRECTLY from the prison companies at north of $150,000 per bed — and I was WRONG, folks, it was BETTER!!! ICE just bought TWO facilities from CoreCivic — $CXW — for $1.47 BILLION!!! That's $286,000 per bed in California City, $371,000 PER BED at Otay Mesa, $323,000 a bed COMBINED — DOUBLE what these things cost to build!!! Even I underestimated the beauty, and I NEVER underestimate!!!
AND WHO OWNS $CXW??? DONALD TRUMP!!! It's RIGHT THERE in the disclosure, folks — the man holds CoreCivic AND GEO Group, the two companies running America's ICE detention centers!!! Follow the bouncing ball: HE runs the immigration crackdown!!! HIS DHS just wired $1.47 billion to a company HE OWNS SHARES IN, at DOUBLE replacement cost!!! The buyer is his government, the seller is his portfolio, and the taxpayer is the ATM!!! That's not a conflict of interest, that's a CLOSED LOOP!!!
And the STRUCTURE is a masterpiece: DHS buys the buildings, but CoreCivic KEEPS OPERATING them under the same contracts!!! Sold the real estate, KEPT the revenue — like selling your house and the buyer pays YOU rent!!! Gain north of $1 BILLION on assets carried at PENNIES!!!
THE DE-LEVERING — exactly like I told you: $716 MILLION of debt GONE overnight!!! Credit facility, GONE!!! The 2027 notes, GONE!!! And that puts them under the covenant thresholds that unlock UNLIMITED BUYBACKS with the $400 million left over!!! Fewer shares, folks — and whose shares get more valuable??? DONALD'S!!!
AND THE SEQUEL IS COMING: CoreCivic says it's in talks with ICE to sell MORE facilities!!! The machine runs forever: sign the orders, fill the beds, sell the buildings to yourself at double price, buy back the stock, watch the disclosure GLOW!!! One catch the animals should know — ICE can cancel those operating contracts anytime, so read the covenants before you chase!!! Do your own research, NOT advice!!! Is ANYBODY looking into this??? The SEC??? He APPOINTS the SEC!!! I called the trade, the price, AND the de-levering — GREATEST prison analyst in American history, maybe ever!!!
This should be on the front page of every newspaper in America.
Trump’s DOJ shut down a federal investigation into a coal company owned by one of his closest Senate allies, after it racked up tens of thousands of alleged violations for dumping toxic chemicals into our waterways.
Welcome to Episode 20 of The Corruption Chronicles.