143: Michael Kimelman – Convicted of Insider Trading—From Suburban Life to Prison Life
Chat With Traders
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The Cost of the American Prison System
"I don't think the average American would allow it to exist in the form that it's in," he says. "There is violence, but limited violence at a minimum security level because they have a zero tolerance policy for it." Two out of every three people who go through the prison system, end up back in prison within five years; recidivism rate about 66%. The societal, moral, financial cost of all that rises into the hundreds of billions of dollars, really", writes O'Neill.
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