Rummy's Self-Dealing

topic posted Wed, July 1, 2009 - 11:04 AM by  Forrest
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Here's an intriguing detail from the new 685-page tome on Donald Rumsfeld, Bradley Graham's By His Own Rules: The Ambitions, Successes, and Ultimate Failures of Donald Rumsfeld: Several Rumsfeld associates say the defense secretary didn't order any cuts of major weapons programs early in his tenure because of financial stakes he held in the defense business.

Rumsfeld valued his personal fortune at between $50 to $210 million at the beginning of the Bush Administration. The problem was many of the securities he held were in companies that did business with the DOD, which could put Rumsfeld in violation of government ethics rules.

So Rumsfeld had to divest some of these assets -- a whole lot of them, it turned out. And during that process, which went "slowly," Graham reports, Rumsfeld simply put off canceling any major weapons programs, a move some on his staff apparently expected him to make. Rumsfeld's specific thinking is unclear.

Graham writes: "Several of Rumsfeld's associates saw the secretary's inclination to put off big cuts early on as a direct result of his own financial situation."

tpmmuckraker.talkingpointsmemo.com/2009/06/book_rumsfeld_didnt_cut_weapons_programs_because_o.php#more

Rummy would certainly not be the only one fighting wars for personal profit: one need only think of Halliburton, Blackwater, and all those no-bid contracts given to Republican contributors:

en.wikipedia.org/wiki/Iraq...opriations

What could be more patriotic?
posted by:
Forrest
Oregon
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