One of the 10 largest Shareholders in Halliburton - holdings worth 176 million dollars
Last week Bushist minions called on critics to issue a formal apology to the poor maligned unelected multimillionaire war profiteer (and former business partner of Saddam Hussein). It is ludicrous to assume the fact that Cheney's insured deferred earnings and any profits from 400,000 stock options going to charity clears the Veep from profiting on Halliburton's success. He still will own the stock options at the end of his term and any increase in their value accrues directly to him. But the sad incontrovertible fact is that Halliburton is using a back door to fill its former chief's coffers with millions in blood money pumped directly from the corpses of American soldiers and Iraqi civilians.So it is undeniably true that money for HALLIBURTON is money for CHENEY - as if we did not know that already. When will the Senate IMPEACH this thief?
This profitable arrangement was found hiding in plain sight last week by investigator Maggie Burns of the Progressive Populist. While the media mandarins were gulping soap, Burns committed the increasingly rare act of journalism by checking out Cheney's financial disclosure forms. These show that Cheney has a minimum of $18 million invested in The Vanguard Group, a leading mutual fund. (Given the deliberately vague, vast ranges of the "disclosure" forms, this nest-egg could be as high as $87 million. We mere mortals are not meant to know).
Vanguard, as it happens, is the 10th-largest shareholder in -- oh, you guessed already! -- Halliburton. The fund owns 7.6 million shares in the firm, worth about $176 million. Thus any government contract that swells Halliburton's bottom line does indeed pour war profits straight into Cheney's bulging bank accounts. No amount of soap can wash away that fact. Meanwhile, five of the other top 10 shareholders in Halliburton have big bucks parked with our old friends The Carlyle Group, where George Bush Sr. hangs out his shingle as a pricey corporate shill (and former bin Laden business partner). So Bush family coffers are definitely not forgotten when Halliburton goes to war.
Skippy the Bush Kangaroo has two pieces of lowered pie from the "prosperity is just around the far distant almost visible corner squatters" at 1600 Pennsylvania Ave.
Kynn at Shock and Awe has posted an awesome and colorful tribute to The League of Liberals.
Thank you Kynn for you link to our entry in the Ecosystem new blog showcase
Everybody should check it out.