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Old 01-14-2007, 01:48 PM
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Ferre Ferre is offline
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Iraq's billions & the White House connection


From that article:
The American company appointed to advise the US government on the economic reconstruction of Iraq has paid hundreds of thousands of dollars into Republican Party coffers and has admitted that its own finances are in chaos because of accounting errors and bad management.
BearingPoint is fighting to restore its reputation in the US after falling more than a year behind in reporting its own financial results, prompting legal actions from its creditors and shareholders.
According to the Center for Responsive Politics, BearingPoint employees gave $117,000 (£60,000) to the 2000 and 2004 Bush election campaigns, more than any other Iraq contractor. Other recipients include three prominent Congressmen on the House of Representatives' defence sub-committee, which oversees defence department contracts.
Last week The Independent on Sunday revealed that a BearingPoint employee, based in the US embassy in Baghdad, had been tasked with advising the Iraqi Ministry of Oil on drawing up a new hydrocarbon law. The legislation, which is due to be presented to Iraq's parliament within days, will give Western oil companies a large slice of profits from the country's oil fields in exchange for investing in new oil infrastructure.

Last edited by Ferre; 01-14-2007 at 01:53 PM. Reason: added quote
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Old 01-17-2007, 03:45 PM
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StupidScript StupidScript is offline
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Hold on a second, Ferre. Are you saying that there is a connection between political donations and benefits received? Okay, now you've gone way too far!

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