Monday, July 16, 2007

continuing corruption of Halliburton and its subsidiaries profiteering from contracts costing American taxpayers an unbelievable $22 billion

The Banality of Greed | Posted on Jun 26, 2007 | By Robert Scheer

As the Iraq war that Vice President Dick Cheney created continues to shred American—and many more Iraqi—lives, further documentation has emerged proving that, even during failed wars, the merchants of death profit. No company has profited more from the carnage in Iraq than Halliburton, which Cheney headed before choosing himself as Bush’s running mate. One shudders at the blissful arrogance of this modern Daddy Warbucks, who sees no conflict of interest over the blood-soaked profits garnered by the once-bankrupt division of the company that left him rich.

This week’s evidence of the continuing corruption of Halliburton and its subsidiaries profiteering from contracts costing American taxpayers an unbelievable $22 billion stems from a report by the special inspector general for Iraq reconstruction. The report, only one of many about Halliburton’s recently severed subsidiary KBR, focuses on work done in Baghdad’s super-secure Green Zone. While parent company Halliburton insults U.S. taxpayers by relocating its headquarters to the tax shelter of Dubai, subsidiary KBR has been spun off to focus more directly on the American military contracts that form the core of its operations. ...

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