Tricky Dick Halliburton Strikes Again

[Nickdfresh]

And the corporate corruption keeps on a comin'. Thank Tricky Dick Cheney.



Halliburton may keep disputed money

Report: Army may let company retain billions of dollars from Iraq work, despite auditors' questions.
October 22, 2004: 7:51 AM EDT



NEW YORK (Reuters) - The Army is laying the groundwork to let Halliburton Co. keep several billion dollars paid for work in Iraq that Pentagon auditors say is questionable or unsupported by proper documentation, according to a report published Friday.

According to Pentagon documents reviewed by the Wall Street Journal, the Army has acknowledged that the Houston-based company might never be able to account properly for some of its work, which has been probed amid accusations that Halliburton's Kellogg Brown & Root unit overbilled the government for some operations in Iraq.

The company has hired a consulting firm to estimate what Halliburton's services should cost, the report said.


The newspaper, citing the documents and internal memorandums, said that officials are considering using the estimate to serve as the basis for "an equitable settlement,'' under which the Pentagon could drop many of the claims its auditors have made against the company.

But the Journal added that some disgruntled Pentagon officials see the effort to broker an outside settlement with the company as unusual because the contract is so large.

According to the report, Kellogg Brown & Root has so far billed about $12 billion in Iraq, and about $3 billion of that remains disputed by government officials.

The Journal also cited Pentagon records showing that $650 million in Halliburton billings are deemed questionable. An additional $2 billion is considered to have insufficient paperwork to justify the billing, the report said.

A representative for Halliburton (Research) did not immediately return a call seeking comment early Friday.


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Copyright 2004 Reuters All rights reserved.
http://money.cnn.com/2004/10/22/news/fortune500/halliburton.reut/index.htm?cnn=yes (http://) :fu:

[ODShowtime]

In warzone, we expect some paperwork to be missing or fudged, but hot damn, in the billions?

[FORD]

I suppose all the conservatives will defend this bullshit. Government waste is only a bad thing when "liberals" do it.

[BigBadBrian]

Originally posted by FORD
I suppose all the conservatives will defend this bullshit. Government waste is only a bad thing when "liberals" do it.

It's good for the economy. :gulp:

[Nickdfresh]

Originally posted by BigBadBrian
It's good for the economy. :gulp:

And Tricky Dick's post-oval office retirement fund. Boot these corrupt hacks out--please America.

[Big Train]

Hello,

Dick Cheney is not associated with Halliburton and has not been in a formal capacity for over 4 years now.

Want me to hold you accountable for something that happened at your old job today? Tricky Dick did not strike, some greedy low level bastards and their kickbacks did.

But whatever, like Ford, any irrational thinking is accepted, provided it moves GW out, correct?

[FORD]

Originally posted by Big Train
Hello,

Dick Cheney is not associated with Halliburton and has not been in a formal capacity for over 4 years now.



Actually that's not entirely true. Dick's no longer the CEO, but he is recieving deferred compensation, which means he's technically still on the payroll. He also owns a great deal of Halliburton stock, which means his personal profit margin obviously benefits from Halliburton making (or stealing) money.

[Nickdfresh]

Originally posted by Big Train
Hello,

Dick Cheney is not associated with Halliburton and has not been in a formal capacity for over 4 years now.

Want me to hold you accountable for something that happened at your old job today? Tricky Dick did not strike, some greedy low level bastards and their kickbacks did.

But whatever, like Ford, any irrational thinking is accepted, provided it moves GW out, correct?

I suppose it is just a coincidence that Halliburton received a huge no- bid contract and expanded their company to offer military logistical support services from what was an oil-fire contractor.

[lucky wilbury]

according to the cbo the contracts were legal because halliburton was the only company who could do the work that was being asked. halliburton does many many things and has many subsidiaries. they just don't deal with oil

[Big Train]

No-bid contracts are not a rare thing, FYI. They are done when there is only one company that fits the need or when they are no competitors. In this case, the main competitor wasn't involved, as their respective country wasn't either.

Because the company expanded, which is good business, that is evil?

[ODShowtime]

I've come around this and the problem to me now stand like this:

Cheney guided the company before taking office a "VP". I believe he had "strategic vision" that his company would be needed to perform services for the US such as housing and feeding of troops, oil well constuction and firefighting, logistical support, blah blah blah.

Considering how poor thinking he really turned out to be, how do you think he was able to see ahead that such services would be in such high demand?

And the fact that Halliburton is not very profitable now does not say that evil plans were not afoot. You can be evil and incompetent. (Kim Jong Il)

[Big Train]

That sure is a lot to smoke in your pipe in order to believe that logically.

Do you believe in Ford's PNAC bullshit? Cause that's what it is, pure bullshit (I have been over the document).

The point is they diversified at the end of the cold war, as they had to. There were new needs in the world. To say they did because in a few years they would START a war to make money on these services is completely retarded.

When you consider there are 8-10 wars going on in the world at any given time, the need for those services is there whether or not the US was involved in a conflict.

[ODShowtime]

Originally posted by Big Train
That sure is a lot to smoke in your pipe in order to believe that logically.

Do you believe in Ford's PNAC bullshit? Cause that's what it is, pure bullshit (I have been over the document).

The point is they diversified at the end of the cold war, as they had to. There were new needs in the world. To say they did because in a few years they would START a war to make money on these services is completely retarded.

When you consider there are 8-10 wars going on in the world at any given time, the need for those services is there whether or not the US was involved in a conflict.

I was concerned with FORD's PNAC bullshit before I ever knew who FORD was (not like I really do now...).

They proft from war. Wouldn't they lobby for war the same way casino owners lobby for looser gambling laws? MONEY=POWER

It's the whole system. Did you ever see that BBC documentary on the Carlyle Group? It was on informationclearinghouse for awhile...

[Big Train]

I am aware of all of this. Both my parents work for defense contractors. They profit from war, but like most defense contractors have had to diversify since the cold war ended. A lot of civilian services, the sat business, radar, GPS, are all finding their way into civilian life by the work these contractors are doing nowadays. That make them evil that they expanded business?

The point is why would Cheney PLAN a war, risk so much, when there is already so much war in the world to profit from? It wasn't like anyone needed more work. Oh the oil...that's right. Stupid me. The business that nobody is making any money in right now, yes, the oil. Evil vs. incompetence right?

PNAC documents hold no water to me in a BCE sense, as their are several thinktanks out there thinking similar thoughts. Always have been, it's their job.

[lucky wilbury]

i surprised no one has posted a thread on the guy who bought missiles from halliburton then after they were confiscated is suing them to get his money back

[Nickdfresh]

Originally posted by Big Train
That sure is a lot to smoke in your pipe in order to believe that logically.

Do you believe in Ford's PNAC bullshit? Cause that's what it is, pure bullshit (I have been over the document).

The point is they diversified at the end of the cold war, as they had to. There were new needs in the world. To say they did because in a few years they would START a war to make money on these services is completely retarded.

When you consider there are 8-10 wars going on in the world at any given time, the need for those services is there whether or not the US was involved in a conflict.

No, I don't necessarily believe that a war was started to pad Halliburtan's profits. But when a company is restructured specifically to support wars fought in the middle east during a time when Rummy seeks to increase manpower by hiring civilian contractors to do the jobs that soldiers usually once performed (at about twice the paycheck), it does seem a little funny. But I will accept that this is coincidence. My main problems are that Rummy, Wolfieshit, and their cronies have continually undermined their military officers on matters of policy and strategic deterrence. After most Republicans swore off civilians (like LBJ) micromanaging the armed forces during the Vietnam era, the neocons have given again decided to discount uniformed opinions and decide they know what is best for the nation. Halliburtan is a symptom of a far greater problem-incompetence in the oval office.