Deputy Attorney General Sally Yates speaks during a news conference at the Justice Department in Washington. The Justice Department says it’s phasing out its relationships with private prisons after a recent audit found the private facilities have more safety and security problems than ones run by the government.

Justice Dept Announces It Will End Use Of For-Profit Prisons

As soon as the news broke the DOJ would be abandoning for-profit prisons, stock value crashed for both Corrections Corporation of America and the GEO Group.