What do you think of a private bank cashing in on inmates and the - TopicsExpress



          

What do you think of a private bank cashing in on inmates and the prison system? A senior U.S. Senator is questioning the Treasury Department’s decision to award Bank of America Corp. an exclusive contract to provide technology and financial services in all federal prisons. In a letter sent Friday, Sen. Charles Grassley, R-Iowa, asked Treasury how the deal can protect taxpayers from fraud and conflicts of interest, given that it was awarded without the competitive bidding and transparency required for most federal contracts. Competitive bidding is “meant to give taxpayers the most bang for the buck,” Grassley said in a statement to the Center for Public Integrity. “Any time the government avoids competitive bidding, the practice needs exploration.” buff.ly/1BUc5Hc
Posted on: Mon, 27 Oct 2014 21:03:09 +0000

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