Today's neocons would love it: Terrorists disturbing the peace and security of the United States are hunted down, not at taxpayer expense, but by a private agency for personal gain. The free market rules!
Well, sort of. It was attempted a century ago, when enterprise was not so much private as it was wild and woolly, and concern for such minor legal details as individual rights was even less than it has become in our day. Eventually, of course, the government had to step in to arrest the bad guys and put them on trial-and when it did, the attendant early-20th-century corruption sounds as modern as in a John Grisham novel . . .