I wonder how many of the folks who have already left comments have spent any time behind bars? I have, both as a jail and prison inmate, and I applaud the innovation that this bond represents. It is a very clever, and much needed way to drive down one of the city's largest expenditures. Do YOU know what the rate of recidivism is? Do you know whether this number ever goes down significantly? Well, I'm hear to tell you that it doesn't, and it's about time someone does something about it. Way to go Goldman!

Who wants to bet that Goldman Sachs will not be headhunting Ms. Gibbs for their municipal "con" bond department?

One more example of Goldman's receiving tax payer dollars and considering
the 10 Billion Goldman got in TARP money this is small potatoes. It certainly reveals the complicity of WNYC with Goldman and the Bloomberg Administration in Anna Sale's soft ball questions. Combine this with the Take Away's John Hockenberry comment that we should all work an extra ten years to pay back TARP and I want to throw up.

How long before we have to pay the likes of Goldman Sachs and Citibank, for the very air we breathe?

wow.... bonds typically borrow against projected new revenue, these are bonds that borrow against the hope that the city will spend LESS on incarceration?

sounds like a last minute gift from Bloomberg to Goldman, and a way for Bloomberg to make the city's balance sheet look good at the end of his last term...

"The idea of NYC giving investment banks for social services is SICK."

This has been the hallmark of the Bloomberg administration: giving away public resources to private entities.

Oh gee too bad for the actual human beings you're betting money on!! This segment is really irritating.

Typo in my prior comment... make that "paying investment banks for social services"

Performance based contracts can be done directly with the service provider. There's no need for Goldman Sachs to be involved here. The idea of NYC giving investment banks for social services is SICK.

Ohhh it's all for the taxpayers! Thank you so much Goldman- what would we do without you.

What are the chances that Goldman will try to influence the policies (like stop-and-frisk) that contribute to mass incarceration? Now, that would be worth $10 million.

How is this any different from a bank lending the city money at exorbitantly high interest rates? From what I understand, Goldman Sachs could make $2mil on a $2mil investment. That's 100% interest!

It looks like GS is running out of ways to make money.

I meant to say 10 million dollars and smells to high heaven.

This is a 10 million program. This a a drop in the bucket in our prison system and small change for Goldman Sachs. This smeels to high heaven like just "public Relations". This will seve no one, lets followup in five years and see.