A new program centered around "social service bonds" will allow the large investment bank to invest in and in turn bet on a program to reduce recidivism in the state. If the program meets certain benchmarks, Goldman can profit handsomely, otherwise it can lose money.
Interesting idea.
http://www.reuters.com/article/2012...hropy-socialimpactbonds-idUSBRE8711I420120802
Interesting idea.
http://www.reuters.com/article/2012...hropy-socialimpactbonds-idUSBRE8711I420120802
