Bush cronies are cashing in on terror. And so can you!

[kpete]

Spoils of War
Bush cronies are cashing in on terror. And so can you!
By Jebediah Reed


According to at least one top analyst who tracks homeland security stocks, it's an ideal time to invest in companies that seem to have sprung from the pages of a Philip K. Dick novel. There are outfits that develop systems for secretly reading an entire nation's e-mail or biometrics scanners that can recognize every face on a busy street. Then there are purveyors of unmanned spy blimps and robotic death machines. But how's a typical 401K owner supposed to pick the winners?

In this age of outsourcing, 70 percent of the nation's estimated $48 billion intelligence budget goes straight into the pockets of private contactors—and an ample portion of the $58 billion earmarked for homeland security is also up for grabs. For creepy little firms in the defense sector, the road to profitability is paved with government contracts. But landing those coveted deals is often dependent on having friends in those high places where procurement decisions are made.

Lately, we've noticed a stream of former Bush Administration officials and insiders signing on as directors at obscure companies that compete for contracts at their old agencies. Where other observers might see revolving-door corruption, or perhaps an orgy of military industrial profiteering, we see a tantalizing investment opportunity. Just because this crew, which includes George Tenet, Paul Bremer, and Richard Perle, monumentally bungled their duties to the American tax payer doesn't mean they aren't capable of feathering their own nests—and yours.

more at:
http://www.radaronline.com/from-the-magazine/2007/06/george_tenet_paul_bremer_richard_perle_freeh_downing_woolsey.php

[firefox_fan]

1. I disagree... What you say is true on the SURFACE.

But most of these entities are completely mismanaged and most people in them are incompetent. In addition, the internal wars among different factions within the DHS are brutal and things can change without warning. I would not invest in them as the big scam may collapse at any time.

[kpete]

3. thanks for your comment firefox_fan

Please do not think that I would suggest any of us should take this seriously - sometimes, I just need to laugh at the absurdity of it all.

Peace, kpete

[firefox_fan]

4. I was a bit puzzled :)

Thanks for posting this info.

[unpossibles]

2. yeah, that didn't work so well for Enron investors... n/t