Showing posts with label HALIBURTON. Show all posts
Showing posts with label HALIBURTON. Show all posts

Saturday, September 08, 2007

Rolling Stone on "The Great Iraq Swindle"

Rolling Stone has a long article about the vast sums of taxpayer money pouring into the coffers of sleazy US contractors in Iraq -- and how that money isn't being used to make things better for anyone but the ultra-rich in the US.
Because contractors were paid on cost-plus arrangements, they had a powerful incentive to spend to the hilt. The undisputed master of milking the system is KBR, the former Halliburton subsidiary so ubiquitous in Iraq that soldiers even encounter its customer-survey sheets in outhouses.

When things went wrong, KBR simply scrapped expensive gear: The company dumped 50,000 pounds of nails in the desert because they were too short, and left the Army no choice but to set fire to a supply truck that had a flat tire. "They did not have the proper wrench to change the tire," an Iraq vet named Richard Murphy told investigators, "so the decision was made to torch the truck."