Show your support by donating any amount. (Note: We are still technically a for-profit company, so your
contribution is not tax-deductible.)
PayPal Acct: 
Feedback: 
Donate to VoyForums (PayPal):
| [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, 8, [9], 10 ] |
| Subject: It's right here in the article! Also, notice the heavy involvement in now bankrupt worldcom-mci, this is Grand Theft Capitalism! | |
|
Author: jw |
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 09:34:07 03/12/07 Mon In reply to: Oropan 's message, "There is no Haliburton connection.....PERIOD!!!!" on 07:15:46 03/12/07 Mon "IAP also has a corporate tie-in with Halliburton-KBR on multi-billion dollar Iraq contracts. Halliburton is a major defense contractor once headed by Vice President Cheney, that has had its own history of problems with fraud and overcharges related to its management of sole-source projects in Iraq, particularly the multi-billion dollar LOGCAP contract to repair and maintain Iraq’s oil fields and pipelines. Just months before the invasion, DoD designated Halliburton/KBR as the sole potential bidder for potential large-scale pipeline repair contracts. Four years after the initial invasion and occupation of those fields, Iraq is still not producing at its prewar levels, a threshold that would require termination of the LOGCAP contract." >> >> >> >> >>>And in case you don't know it, VP Cheney DOES NOT >WORK >>>AT Haliburton. Didn't the Clintons once work at that >>>shady criminally indited lawfirm in Arkansas? You are >>>trying to use the same logic....that is if you can >>>call it logic since that would involve using your >>>brain! >>>And it is obvious you hate all investment firms and >>>hedge funds. And, BTW, hedge funds are regulated!! >>> >>> >>> >>> >>>> I got this from another board its long it also >>>>explains the connection haliburton has to the com >>>>running walter reed facility . >>>> this is just the first half this forum would not >>take >>>>the whole post . >>>> >>>>Lrger CIA and DoD Privatization Scandal Emerging >from >>>>Walter Reed Story and US Attorney Firing >>>> Top GOP Figures Profited from Privatization of VA >>>>Hospital, CIA Contracting >>>> >>>>A large global hedge fund, Cerberus Capital >>Management >>>>(dba, Cerberus-Gabriel), is at the center of an >>>>emerging Pentagon and CIA contracting scandal that >>has >>>>the attention of three Congressional Committees. >>>> >>>>This scandal involves the mismanagement of VA >>hospital >>>>facilities privatized during the Bush-Cheney >>>>Administration, as well as intelligence abuses by >>>>private CIA contractors with financial ties to major >>>>GOP leaders and institutions.. >>>> >>>>In each case, the companies under investigation have >>>>links to prominent GOP figures, including Vice >>>>President Dick Cheney, former Vice President Dan >>>>Quayle, former Defense Secretary Donald Rumsfeld, >and >>>>several Republican Congressmen indicted for >>corruption >>>>involving kickbacks from defense contractors. The >>>>Republican Congressional Campaign Commitee (RCC) has >>>>also received substantial contributions from >>>>conservative fund managers running Cerberus, a >>>>virually unregulated $30 billion hedge fund, which >>>>owns the second largest bank in Israel. >>>> >>>>The Cerberus scandal involves its holding, >>>>International American Products (IAP) Worldwide >>>>Services, awarded a $120 million contract to manage >>>>facilities at Walter Reed, is only the latest in a >>>>long line. IAP’s President, Alfred V. Neffgen, was >>>>formerly Chief Operating Officer for KBR's >government >>>>operations group, which was forced to repay tens of >>>>millions of dollars to the Defense Department for >>food >>>>and fuel overcharges in Iraq. IAP has other >>>>contracting connections with Dick Cheney’s >>>>Halliburton/KBR. Most recently, IAP bid on part of >>the >>>>Iraq oil reconstruction project as a partner with >>>>Halliburton KBR. The Army Times reports about >>>>Halliburton tie-in: >>>>href="http://www.armytimes.com/news/2007/03/Weightma >n >>s >>>u >>>>bpoena">http://www.armytimes.com/news/2007/03/Weight >m >>a >>>n >>>>subpoena / >>>> >>>> >>>>Walter Reed also awarded a five-year, $120-million >>>>contract to IAP Worldwide Services, which is run by >>Al >>>>Neffgen, a former senior Halliburton official. >>>> >>>>They also found that more than 300 federal employees >>>>providing facilities management services at Walter >>>>Reed had drooped to fewer than 60 by Feb. 3, 2007, >>the >>>>day before IAP took over facilities management. IAP >>>>replaced the remaining 60 employees with only 50 >>>>private workers. >>>> >>>>“The conditions that have been described at Walter >>>>Reed are disgraceful,” the letter states. “Part of >>our >>>>mission on the Oversight Committee is to investigate >>>>what led to the breakdown in services. It would be >>>>reprehensible if the deplorable conditions were >>caused >>>>or aggravated by an ideological commitment to >>>>privatize government services regardless of the >costs >>>>to taxpayers and the consequences for wounded >>>>soldiers.” >>>> >>>>The letter said the Defense Department >“systemically” >>>>tried to replace federal workers at Walter Reed with >>>>private companies for facilities management, patient >>>>care and guard duty – a process that began in 2000. >>>> >>>> >>>>IAP Connected With Halliburton >>>> >>>>Cerberus owns, or had a major interest in, a string >>of >>>>now-bankrupt companies that had contracts with U.S. >>>>defense and intelligence agencies that were found to >>>>have a common pattern of large-scale fraud, security >>>>problems, and financial scandals involving GOP >>>>lawmakers and lobbyists. >>>> >>>>IAP also has a corporate tie-in with Halliburton-KBR >>>>on multi-billion dollar Iraq contracts. Halliburton >>is >>>>a major defense contractor once headed by Vice >>>>President Cheney, that has had its own history of >>>>problems with fraud and overcharges related to its >>>>management of sole-source projects in Iraq, >>>>particularly the multi-billion dollar LOGCAP >contract >>>>to repair and maintain Iraq’s oil fields and >>>>pipelines. Just months before the invasion, DoD >>>>designated Halliburton/KBR as the sole potential >>>>bidder for potential large-scale pipeline repair >>>>contracts. Four years after the initial invasion and >>>>occupation of those fields, Iraq is still not >>>>producing at its prewar levels, a threshold that >>would >>>>require termination of the LOGCAP contract. >>>> >>>>IAP Worldwide Services President Dave Swindle, as >>>>Democratic Underground (DU) contributor >>>>“CorpGovtActivist” points out, is a former >>>>Halliburton/KBR employee. >target=_blank rel=nofollow >>target=_blank rel=nofollow >>>target=_blank rel=nofollow >>>>target=_blank >>>>href="http://www.democraticunderground.com/discuss/d >u >>b >>>o >>>>ard.ph...">http://www.democraticunderground.com/disc >u >>s >>>s >>>>/duboard.ph... >>>> >>>> >>>>Just before the mid-term elections, bids were due >for >>>>LOGCAP IV, with multiple awards anticipated (see the >>>>synopsis): >>>>href="http://www.fbo.gov/servlet/Solicitation/R/USA/ >U >>S >>>A >>>>MC/DAA">http://www.fbo.gov/servlet/Solicitation/R/US >A >>/ >>>U >>>>SAMC/DAA ... >>>> >>>>On October 16, 2006, IAP Worldwide Services issued >>>>this press release: "IAP Worldwide Services, Inc. >>Team >>>>Submits Bid For LOGCAP IV Contract," which included >>>>this quote from former Halliburton/KBR executive >Dave >>>>Swindle: >>>> >>>>“The LOGCAP IV contract is a major challenge,” said >>>>Dave Swindle, IAP President. “Supporting the >>>>warfighter and the Army is a responsibility that >>>>allows no compromise. IAP and its team members >>>>understand the magnitude of this program and the >>>>issues associated with its complexity. We place a >>high >>>>priority on using our proven Business Operating >>System >>>>(BOS) to provide effective oversight and tracking to >>>>responsibly meet the customer’s needs from Day One. >>>>Through BOS we will act as one team through a >>>>management and business system that is completely >>>>transparent to the customer.” >>>> >>>> >>>>href="http://www.iapws.com/Newsroom/Newsroom_details >. >>a >>>s >>>>px?id=">http://www.iapws.com/Newsroom/Newsroom_detai >l >>s >>>. >>>>aspx?id= ... >>>> >>>>I worked for Dave Swindle at Halliburton/KBR's >>offices >>>>in Arlington, Virginia. As I said in posts here this >>>>past fall, "if there's a Swindle involved, there's a >>>>swindle involved." >>>> >>>> >>>>href="http://www.google.com/search?as_q=swindle+corp >g >>o >>>v >>>>activi">http://www.google.com/search?as_q=swindle+co >r >>p >>>g >>>>ovactivi ... >>>> >>>>Today's hearing at Walter Reed focused on IAP's >>shoddy >>>>work as the privatized contractor there: >>rel=nofollow target=_blank >>>rel=nofollow target=_blank >>>>href="http://oversight.house.gov/story.asp?ID=1195"> >h >>t >>>t >>>>p://oversight.house.gov/story.asp?ID=1195 (see, >>in >>>>particular, the letter to General Weightman about >>IAP) >>>> >>>>On February 16, 2007, the US Army Sustainment >Command >>>>published the first Award Notice for LOGCAP IV: >>rel=nofollow target=_blank >>>rel=nofollow target=_blank >>>>href="http://www.fbo.gov/spg/USA/USAMC/DAAA09/Awards >/ >>W >>>5 >>>>2P1J-0">http://www.fbo.gov/spg/USA/USAMC/DAAA09/Awar >d >>s >>>/ >>>>W52P1J-0 ... >>>> >>>> >>>>*** >>>> >>>>Cerberus a Major Stockholder in Bankrupt MCI, which >>>>had mismanaged an $8.8 DoD Project to Create Secure >>>>telecom systems for the U.S. Navy and Marine Corps >>>> >>>> >>>> >>>>By Matt Kelley >>>>USA TODAY The fundraiser, which took place July 7, >>>>2003, and the subsequent vote illustrate the kind of >>>>relationship between congressman and contributor >>>>that's under increased scrutiny in the nation's >>>>capital. >>>> >>>>~snip~ >>>> >>>>Both Lewis and the investment company, Cerberus >>>>Capital Management, benefited from the relationship. >>>>Eighteen months after the fundraiser and the House >>>>vote, Lewis won the chairmanship of the >>Appropriations >>>>Committee. He acknowledges that the fundraising >>>>efforts of Cerberus “played a very significant role” >>>>in winning the post. The ties between Cerberus and >>>>Lewis, a 14-term congressman from Redlands, Calif., >>>>have not been publicly examined before. >>>> >>>>~snip~ >>>> >>>>Created in 1992, Cerberus is a hedge fund, a type of >>>>private investment group that's not regulated by the >>>>Securities and Exchange Commission. ... >>>> >>>>~snip~ >>>> >>>>In 2003, Cerberus owned more than $140 million in >>>>stock and bonds of the bankrupt telecommunications >>>>giant WorldCom, financial records show. Its stake in >>>>the company, which had filed for bankruptcy >>protection >>>>the previous year, was large enough that a Cerberus >>>>executive joined the board of directors of MCI, the >>>>company's post-bankruptcy name. ... MCI has been a >>>>major subcontractor since 2000 on an $8.8 billion >>>>project to build a secure computer network for the >>>>Navy and Marines. ...The committee report noted the >>>>program's cost overruns, schedule delays and >>>>management foul-ups in its report accompanying the >>>>2003 defense spending bill, also sponsored by Lewis. >>>>That report called for more and better testing of >the >>>>program before more computers were added to the >>>>network. >>>> >>>>Lewis himself had criticized the Navy-Marine >computer >>>>project in October 2002, telling The Washington Post >>>>he was not satisfied with its progress. He also said >>>>he was concerned about MCI's involvement. “When you >>>>have a big piece of the pie in trouble, it just gums >>>>up a process that already has great difficulty,” he >>>>said. ... Other members of Congress were pushing the >>>>federal government to ban MCI from any future >>>>contracts because of the $11 billion accounting >>>>scandal, which eventually landed former WorldCom CEO >>>>Bernie Ebbers a 25-year prison term. MCI now has >>about >>>>$2 billion in annual revenue from government >>>>contracts, and the Navy project remains one of its >>>>biggest. >>>> >>>>On May 16, 2003, the House Armed Services Committee >>>>voted to cut 10% of the Navy project's $1.6 billion >>>>budget for the upcoming year. Federal lobbying >>records >>>>show that two months earlier, Cerberus hired its >>first >>>>lobbyist, the powerhouse firm Patton Boggs. ... The >>>>firm's lobbyists for Cerberus included Laurence >>>>Harris, a former FCC staffer who would join MCI's >>>>board of directors that August; retired Marine >>colonel >>>>John Garrett; and Marcus Dunn, a former aide to two >>>>members of the House Armed Services Committee. >>>>...Cerberus paid Patton Boggs $1.1 million for >>>>lobbying from 2003 to the middle of 2005, the last >>>>date that records are available. Separately, >Cerberus >>>>hired former senator Jake Garn, a Utah Republican, >as >>>>a lobbyist for $410,000 over the same period, >>lobbying >>>>records show. >>>> >>>>~snip~ >>>> >>>> >>>> >>>>href="http://cache.zoominfo.com/cachedpage/?archive_ >i >>d >>>= >>>>0&page">http://cache.zoominfo.com/cachedpage/?archiv >e >>_ >>>i >>>>d=0&page ... >>>> >>>>*** >>>> >>>>Cerberis donated $100,000 at a single fundraiser to >>>>Rep. Jerry Lewis, fmr. Chair of the House >>>>Appropriations Comm., who served as intermediary to >>>>distribute money to fellow GOP lawmakers favored by >>>>Cerberus >>>> >>>> >>>>href="http://www.usatoday.com/news/washington/2006-0 >1 >>- >>>1 >>>>9-cerb...">http://www.usatoday.com/news/washington/2 >0 >>0 >>>6 >>>>-01-19-cerb... >>>> >>>> >>>>Lewis' Future Leaders PAC gave $407,000 to 69 House >>>>candidates in the 2004 election. The >Cerberus-related >>>>money was equal to nearly a third of that amount. In >>>>2003, the PAC collected $522,725 — a quarter of it >>>>connected to Cerberus. >>>>Boustany's 2004 campaign got $15,000 in >contributions >>>>from Lewis' Future Leaders PAC in three separate >>>>$5,000 contributions, according to Federal Election >>>>Commission records. Lewis also kicked in another >>>>$2,000 from his own campaign in two separate >>>>contributions to Boustany's 2004 campaign. Boustany >>>>picked up another $5,000 from Future Leaders PAC in >>>>the current election cycle. >>>> >>>>But, Boustany also benefited from the Lewis/Cerberus >>>>relationship in another way: >>>>Lewis also got Cerberus to help with his fundraising >>>>for the National Republican Congressional Committee, >>>>the arm of the GOP that gives money to House >>>>candidates. Lewis said he invited Cerberus >executives >>>>to an April 2004 NRCC fundraiser he chaired that >>>>included a speech by President Bush. >>>> >>>>The NRCC got $70,000 in Cerberus-related donations >>>>during the first two weeks of April 2004, including >>>>$25,000 from Cerberus founder Stephen Feinberg, >>>>records show. "I had been doing this for over a >dozen >>>>years, helping to raise money for our members," >Lewis >>>>said. "Others (candidates for Appropriations >>chairman) >>>>began to be helpful with fundraising, but that had >>>>been a recent and newfound interest of theirs." >>>> >>>>Federal Election Commission records show that the >>>>National Republican Congressional Committee spent >>>>$72,620 in coordinated spending on Boustany's 2004 >>>>campaign and another $96,593 on independent >>>>expenditures on behalf of Boustany's campaign. Now, >>of >>>>course, the national parties raised millions of >>>>dollars for congressional races, so Boustany's share >>>>of that Cerberus/Lewis effort might well have been >>>>small through this particular channel. In any event, >>>>it was no where near as large as Cerberus's impact >on >>>>Future Leaders PAC dollars. >>>>Wilkes employed a lobbyist named Bill Lowery who is >>>>unusually close with House Appropriations Committee >>>>Chairman Rep. Jerry Lewis. Copley News Service >>>>conducted a three month investigation of their >>>>relationship: >>>>From powerful positions on the House Appropriations >>>>Committee, California Rep. Jerry Lewis has >>>>greenlighted hundreds of millions of dollars in >>>>federal projects for clients of one of his closest >>>>friends, lobbyist and former state Congressman Bill >>>>Lowery. >>>>Meanwhile, Lowery, the partners at his firm and >their >>>>clients have donated 37 percent of the $1.3 million >>>>that Lewis’ political action committee received in >>the >>>>past six years…The Lewis-Lowery relationship, >>however, >>>>is remarkable for the closeness and mutual >>>>dependence…They’ve even exchanged two key staff >>>>members, making their offices so intermingled that >>>>they seem to be extensions of each other. >>>> >>>> >>>>Serberus founder Stephen Feinberg is reported to >have >>>>made particularly substantial donor to Republican >>>>organizations, with a 2004 contribution of $25,000 >to >>>>the RCCC. Feinberg also contributed $2000 to the >>>>Senate campaign that year of Connecticut Senator >>>>Joseph Liberman. >>>>href="http://209.85.165.104/search?q=cache:mH1tG596L >n >>8 >>>J >>>>:www.f...">http://209.85.165.104/search?q=cache:mH1t >G >>5 >>>9 >>>>6Ln8J:www.f... >>>> >>>> >>>> >>>>href="http://thehill.com/thehill/export/TheHill/News >/ >>F >>>r >>>>ontpag...">http://thehill.com/thehill/export/TheHill >/ >>N >>>e >>>>ws/Frontpag... >>>> >>>>In a plea agreement with prosecutors, Cunningham >>named >>>>four people who had conspired with him to commit the >>>>crimes. Although the plea agreement does not refer >to >>>>the co-conspirators by name, they are widely >believed >>>>to be Mitchell Wade, the former president of defense >>>>intelligence firm MZM Inc., Brent Wilkes, president >>of >>>>defense contractor ADCS Inc., Tom Kontogiannis, a >New >>>>York real-estate developer, and an unnamed family >>>>member of Kontogiannis. >>>> >>>>Wade and Wilkes gave heavily to congressional >>>>Republicans in recent years, and now lawmakers must >>>>decide whether to keep the campaign largesse. >>>> >>>>Wade, Wilkes, Kontogiannis and others remain under >>>>investigation, according to a statement made by the >>>>lead federal prosecutor in the case, U.S. Attorney >>>>Carol Lam. >>>>Congressional ethics experts predict that one or >more >>>>of the co-conspirators would be charged, especially >>>>because Cunningham has agreed to continue to >>cooperate >>>>with the investigation. >>>> >>>>“Given that they were both described as >>>>co-conspirators in the plea agreement and that the >>>>agreement calls for former Rep. Cunningham to >>>>cooperate in the investigation, it’s very likely >that >>>>both Mitchell Wade and Brent Wilkes will be >>indicted,” >>>>said Brett Kappel, an ethics lawyer at Vorys, Sater, >>>>Seymour and Pease LLP. >>>> >>>>Sen. Jim Talent (R-Mo.) has returned money from >>>>lobbyist Jack Abramoff, the center of another >>>>congressional ethics scandal, while Republican Reps. >>>>Jeb Bradley (N.H.), Kenny Hulshof (Mo.), Heather >>>>Wilson (N.M.) and Steve LaTourette (Ohio) gave back >>>>contributions from DeLay after he was indicted in >>>>September. >>>>Republican Reps. Tom DeLay (Texas), John Doolittle >>>>(Calif.) and Jerry Lewis (Calif.) all received at >>>>least $30,000 in donations — either through their >>>>campaign committee or their leadership PACs — from >>>>Wade, Wilkes, their family members and their >>>>companies’ PACs over the past four years. These >>totals >>>>do not include individual contributions from >>employees >>>>of these firms. Early this year, Lewis became the >>>>chairman of the powerful House Appropriations >>>>Committee. Before that, he headed the defense >>>>appropriations subcommittee. Because of these >>>>high-profile roles, Lewis often receives more >>>>donations than most House members. Doolittle also >>sits >>>>on the Appropriations Committee. >>>> >>>>But Cunningham, who was simply a member of the >>defense >>>>appropriations subcommittee, received the most — at >>>>least $66,000 during the same period. >>>>Rep. Duncan Hunter (R-Calif.), chairman of the Armed >>>>Services Committee, received just over $28,000, as >>did >>>>Rep. Virgil Goode (R-Va.). Rep. Jerry Weller >(R-Ill.) >>>>was the recipient of $20,000. >>>> >>>>Wilkes is a prominent Bush fundraiser, earning a >>>>designation as a “Bush pioneer” in 2004 for raising >>>>more than $100,000. If Wilkes is indicted, he will >be >>>>the third Bush pioneer, after Abramoff and Ohio >>>>fundraiser Tom Noe, to be indicted this year. >>>> >>>>Wade resigned from MZM earlier this year. The >company >>>>was sold to a private equity firm in August. >>>> >>>> >>>>Senate Judiciary Committee Goes Into Closed Hearings >>>>to Discuss Firing of U.S. Attorney Who Prosecuted >CIA >>>>Contractor Case >>>> >>>>On Tuesday, Judiciary Committee member Arlen Specter >>>>revealed publicly that the committee he used to >Chair >>>>would be going behind closed doors to discuss >>>>still-classified details about the retaliatory >firing >>>>of U.S. Attorney Caroline Lam, who had aggressively >>>>prosecuted the MZM Wade-Cunningham contracting case. >>>>(Source C-Span Radio, 03/05/2007, @ 7:20 pm). >>>> >>>>According to Specter, the Senate Judiciary Committee >>>>went into closed session to talk about an ongoing >TOP >>>>SECRET investigation that stems from the Cunningham >>>>case. Three Hill Committees reached an agreement >with >>>>the Department of Justice to receive files compiled >>by >>>>the U.S. Attorney’s office in San Diego, and are >just >>>>beginning to hold public hearings into the unlawful >>>>dismissal of Lam. (See, generally, >target=_blank rel=nofollow >>target=_blank rel=nofollow >>>target=_blank rel=nofollow >>>>target=_blank >>>>href="http://thehill.com/leading-the-news/emanuel-ta >n >>g >>>l >>>>es-wit">http://thehill.com/leading-the-news/emanuel- >t >>a >>>n >>>>gles-wit ... ; >>>>href="http://www.signonsandiego.com/news/metro/20070 >1 >>1 >>>2 >>>>-9999">http://www.signonsandiego.com/news/metro/2007 >0 >>1 >>>1 >>>>2-9999 -... ; >>>>href="http://www.scoop.co.nz/stories/HL0605/S00125.h >t >>m >>>" >>>>>http://www.scoop.co.nz/stories/HL0605/S00125.htm >> >>>> >>>>These closed hearings are most likely related to >>>>contracts that MZM had with CIA, including one that >>>>led to the falsification of data about aluminum >tubes >>>>shipped to Iraq that allegedly were going to be used >>>>to reconstitute Saddam's nuclear program. That's >>>>right, those aluminum tubes, the one's that were >>>>falsely used by White House and Vice President to >>>>justify the invasion of Iraq. >>>> >>>>*** >>>> >>>>On background, it should be noted that Laura Rozen's >>>>WAR&PIECE column of December 11, 2005, "Wade, Wilkes >>>>and Bad Intelligence?" identified Mitchell Wade's >MZM >>>>defense contracting firm as a culprit in faulty >>>>intelligence generation that led to the Iraq >>invasion. >>>>See, >>>>href="http://www.warandpiece.com/blogdirs/003244.htm >l >>" >>>> >>>>http://www.warandpiece.com/blogdirs/003244.html >>>>A source cited by Rozen identified MZM as the >private >>>>contractor cited for support of an errant CIA Iraq >>WMD >>>>assessment used to justify the Bush Administration's >>>>argument for war. An MZM analysis erroneously >>>>concluded that aluminum tubes ordered by Saddam >>>>Hussein were intended for use in a clandestine >>nuclear >>>>fuel enrichment program that didn't exist. Rosen >came >>>>up with the extraordinary finding that consultants >>>>working for MZM and other intelligence contractors >>>>staffed the Robb-Silberman Commission that >>>>investigated the faulty Iraq WMD findings. >>>> >>>>*** >>>> >>>>During testimony in the Scooter Libby trial, we >>>>learned that Valerie Plame was involved in the >>>>aluminum tube issue within the CIA’s >>>>Counter-Proliferation Division (CPD), where she >>worked >>>>before being “outed” by Libby and others in the >White >>>>House and Vice President’s office. >>>> >>>> >>>>Dan Quayle is chair of new Leumi owner >>>Cerberus-Gabriel >>>> >>>> >>>>www.haaretzdaily.com/hasen/pages/ShArt.jhtml?itemNo= >6 >>4 >>>5 >>>>... >>>>Dan Quayle is chair of new Leumi owner >>>Cerberus-Gabriel >>>>Ha’aretz 11/16/2005 >>>> >>>>Cerberus is chaired by former U.S. vice president >Dan >>>>Quayle. — The Cerberus-Gabriel group was led by >>>>Gabriel president J. Ezra Merkin, assisted by CPA >Avi >>>>Berger, the general manager of the Kesselman & >>>>Kesselman accounting firm, and attorney Yaakov >>>>Ne’eman. Stephen Feinberg, 45, a Jew from New York >>and >>>>the wunderkind of the hedge funds world who, within >>20 >>>>years, turned a $10 million fund into a holding >>>>company whose companies have combined sales of $30 >>>>billion a year, is the founder and manager of >>Cerberus >>>>Global Investment. >>>> >>>>www.globes.co.il/serveen/globes/DocView.asp?did=1000 >0 >>2 >>>9 >>>>... >>>> >>>>Experts: Ultimate owners of Leumi unclear >>>>Globes 11/16/2005 >>>>Banking sources: US investor disclosure regulations >>>>will cause Cerberus-Gabriel problems.— Ministry of >>>>Finance officials have declared a great victory in >>the >>>>Bank Leumi (TASE: LUMI) tender, but banking >>>>specialists are not so enthusiastic. They say that >>the >>>>victory wasn’t so great: the buyers (Cerberus >Capital >>>>Management LP and Gabriel Capital Management) are >too >>>>anonymous, their business isn’t transparent enough, >>>>and, most of all, the saga is far from over…these >>>>owners have specific problems in connection with >>>>operating a bank in the US, and they are looking for >>>>indirect ways to operate there, perhaps without a >>>>banking license. >>>> >>>> >>>>(Can't get that top link to work yet -- Globe link >>>>requires registration and installation of their >>>>software. Found these links from: >target=_blank rel=nofollow >>target=_blank rel=nofollow >>>target=_blank rel=nofollow >>>>target=_blank >>>>href="http://72.14.253.104/search?q=cache:0b_1KEnb01 >U >>J >>>: >>>>www.wi">http://72.14.253.104/search?q=cache:0b_1KEnb >0 >>1 >>>U >>>>J:www.wi ... ) >>>> >>>> >>>> >>>>DONALD RUMSFELD - CERBERUS INVESTOR >>>> >>>>During the tenure of former Secretary of Defense >>>>Donald Rumsfeld, the Pentagon awarded a large >>contract >>>>to the company at the center of the Walter Reed Army >>>>Hospital scandal. Rumsfeld may have financially >>>>benefited from it along with other major GOP >figures, >>>>including former Vice President Dan Quaile, and >>former >>>>Treasury Secretary Snow, who also invested in or are >>>>employed by, or received campaign contributions from >>>>the same Wall Street hedge fund that owns the >>company. >>>> >>>>In his last financial disclosure before becoming >>>>Defense Secretary, Rumsfeld revealed that he held >>>>shares in Cerberus, a large NY Hedge Fund that >>>>acquired International American Products, Inc. >>>>Worldwide Services. >>>>href="http://www.businessweek.com/magazine/content/0 >5 >>_ >>>4 >>>>0/b395...">http://www.businessweek.com/magazine/cont >e >>n >>>t >>>>/05_40/b395... >>>> >>>> >>>>Former Treasury Secretary John W. Snow is chairman >of >>>>the New York hedge fund that owns IAP >>>> >>>>DU Contributor, “Emit”, also played a significant >>role >>>>in researching and compiling this information about >>>>Cerberus-IAP. Some of his research is found at this >>DU >>>>subthread - >>>>href="http://www.democraticunderground.com/discuss/d >u >>b >>>o >>>>ard.ph...">http://www.democraticunderground.com/disc >u >>s >>>s >>>>/duboard.ph... >>>> >>>>Emit writes: >>>> >>>> >>>>Recall John Snow >>>>href="http://www.buzzflash.com/analysis/06/02/ana060 >1 >>1 >>>. >>>>html">http://www.buzzflash.com/analysis/06/02/ana060 >1 >>1 >>>. >>>>html from the Dubai Ports World deal? >>>> >>>>I didn't notice Snow's name in the "Leadership" or >>>>"Board" links at IAP's website, but this is an >>>>interesting explanation: >>>> >>>>Mr. Snow's Cerberus Capital Management LP owns Cape >>>>Canaveral, Fla.-based IAP, which is led by former >>>>executives from Halliburton's engineering, services >>>>and construction subsidiary KBR (formerly Kellogg, >>>>Brown & Root). KBR is currently the Army's sole >>>>contractor for providing food and shelter to the >>>>military in Iraq and Afghanistan. But the Army now >>>>wants multiple contractors for these services and >KBR >>>>is bidding again. Some defense analysts are >>predicting >>>>both KBR and IAP, which is run by former KBR >>>>executives, will each win one of the 10-year deals >>>>that start in 2007. >>>> >>>> >>>> >>>> >>>>href="http://www.politicalfriendster.com/rateConnect >i >>o >>>n >>>>.php?i">http://www.politicalfriendster.com/rateConne >c >>t >>>i >>>>on.php?i ... >>>> >>>>More: >>>>~snip~ >>>> >>>>Cerberus has been shopping up a storm for a year >now, >>>>seemingly coming out of nowhere to build a corporate >>>>empire. With more than $16 billion of investors' >>>>assets on its books -- almost double what it had in >>>>2003 -- it has bought 28 companies and snapped up >>>>stakes of at least 15% in an additional 15 over the >>>>past decade. According to BusinessWeek estimates, >>>>Cerberus controls companies that ring up at least a >>>>combined $30 billion in annual sales, more than >>>>McDonald's, 3M (AXP ), Coca-Cola (KO ), or Cisco >>>>Systems (CSCO ). With more than 106,000 employees, >>>>Cerberus companies have a bigger payroll than Exxon >>>>Mobil Corp. (XOM ). Its trophies include 226 Burger >>>>King restaurants, the National and Alamo car-rental >>>>chains, building-products maker Formica Corp., and >>the >>>>old Warner Hollywood Studios, where blockbusters >such >>>>as Basic Instinct were made. Its companies connect >>>>BlackBerrys, provide medical therapy, and set up >>>>military-base camps in Iraq. >>>> >>>>PICKUP TRUCKS AND BUD >>>>The mind-boggling rise of Cerberus -- from a fringe >>>>vulture fund started with a grubstake of about $10 >>>>million in 1992 to a Wall Street powerhouse -- has >>>>been driven by its enigmatic boss, Stephen A. >>>>Feinberg, 45. Like other hedge-fund managers and >>>>buyout kings, Feinberg has a penchant for secrecy, >>>>although his is more developed than most. While >>>>co-founder William L. Richter deals with investors, >>>>and lieutenants such as former Vice-President Dan >>>>Quayle jet around the globe to seal deals, the >>>>mustached Feinberg keeps very much to himself in a >>>>nondescript office on the 22nd floor of a high-rise >>on >>>>Manhattan's Park Avenue. >>>>~snip~ >>>> >>>> >>>>href="http://www.businessweek.com/magazine/content/0 >5 >>_ >>>4 >>>>0/b395">http://www.businessweek.com/magazine/content >/ >>0 >>>5 >>>>_40/b395 ... >>>> >>>> >>>>Created in 1992, Cerberus is a hedge fund, a type of >>>>private investment group that's not regulated by the >>>>Securities and Exchange Commission. It's named after >>>>the mythical, three-headed dog guarding the gates of >>>>Hades. >>>> >>>>Often called a "vulture fund," Cerberus invests >>mainly >>>>in companies in or on the verge of bankruptcy, >buying >>>>those firms' bonds in the hopes of converting them >>>>into cash or stock in a revived company. In 2000, >the >>>>company hired former vice president Dan Quayle as a >>>>top executive. >>>> >>>>In 2003, Cerberus owned more than $140 million in >>>>stock and bonds of the bankrupt telecommunications >>>>giant WorldCom, financial records show. Its stake in >>>>the company, which had filed for bankruptcy >>protection >>>>the previous year, was large enough that a Cerberus >>>>executive joined the board of directors of MCI, the >>>>company's post-bankruptcy name. >>>>~snip~ >>>> >>>> >>>>href="http://www.usatoday.com/news/washington/2006-0 >1 >>- >>>1 >>>>9-cerb">http://www.usatoday.com/news/washington/2006 >- >>0 >>>1 >>>>-19-cerb ... >>>> >>>>Small firm targets Halliburton contracts >>>>November 4, 2006 >>>> >>>> >>>>ASSOCIATED PRESS >>>>A small defense contractor now controlled by former >>>>Bush Treasury Secretary John W. Snow is taking on >>>>Halliburton Co. by bidding for one of three Army >>>>contracts worth up to $50 billion each to provide >>food >>>>and shelter to U.S. troops in Iraq and Afghanistan. >>>>Within days of Mr. Snow becoming chairman of the New >>>>York hedge fund that owns IAP Worldwide Services >>Inc., >>>>the company submitted its bid for huge Army >contracts >>>>that will be awarded by year-end. >>>>Mr. Snow's Cerberus Capital Management LP owns Cape >>>>Canaveral, Fla.-based IAP, which is led by former >>>>executives from Halliburton's engineering, services >>>>and construction subsidiary KBR (formerly Kellogg, >>>>Brown & Root). >>>>KBR is currently the Army's sole contractor for >>>>providing food and shelter to the military in Iraq >>and >>>>Afghanistan. But the Army now wants multiple >>>>contractors for these services and KBR is bidding >>>>again. Some defense analysts are predicting both KBR >>>>and IAP, which is run by former KBR executives, will >>>>each win one of the 10-year deals that start in >>2007. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| They are two separate conpanies whether you like it or not!! AND | Oropan | 10:23:19 03/12/07 Mon |
|
||
| And...Also wrong Geeez, keep making stuff up!!! | Oropan | 15:31:28 03/12/07 Mon |