Halliburton

smurphy

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I think the important fact here is that this occurred during Cheney's reign as CEO.

Does "the buck stop" anywhere with our leaders? Will Cheney step up as a MAN and accept resposibility for fraudulent activity under his leadership?
 

dawgball

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Not to try to spin this, but if this was a suit against a company Kerry was connected to, wouldn't it be considered "timely"?

As far as the article reads, there isn't much to the lawsuit. There may be, but that article certainly didn't bring any hard evidence to the table.

If one of these guys is personally going to fight this, I have to think that they may not be as guilty as they are being made out to be. I'm no lawyer or judge, though.
 

smurphy

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But the one already in place was filed by the SEC (not the football conference). Can you say that has no or little merit?
 

shamrock

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of course not to spin it dawg LoL. How is it possible that in Cheney is never even a defendant when this
happens:
Halliburton agreed on Tuesday to pay $7.5 million to settle SEC charges that it misled investors by not disclosing an accounting change that boosted profit in 1998 and 1999.

wasn't Cheney the CEO in 98 & 99?? And Clinton has a Senate inquiry about blow jobs! 3.1 billion missing no big deal.

" Intentionally engaged in serial accounting frauds" that's way way more serious than Martha Stewart if guilty. Wonder if he even will be a defendant.
 

BobbyBlueChip

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I'm honestly not sure how he wouldn't be liable under federal law as he had to sign those reports. But my main question from reading the article is that the article says that Halliburton is"the world's No. 2 oilfield services company." Who's #1? Anyone know?
 

TonyTT

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Bobby,
I believe it's SCHLUMBERGER, with major offices in NY, Paris, and The Hague.

TT
 

BobbyBlueChip

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Thanks, Tony.

I would assume French-based and not part of the conglomerates that would be entitled to the no-bid contracts. I don't remember hearing much about this. I just remember hearing that Halliburton was the only Company who had the "experience" and the "knowledge" to handle this type of "operation." I just assumed that they were the biggest.

Maybe it all happened during football season.
 

Chanman

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New Halliburton Whistleblowers Say Millions Wasted in Iraq

by Pratap Chatterjee
New testimony from former Halliburton workers and congressional auditors released in Washington, D.C., this week has revealed millions of dollars worth of wasteful practices, major over billing and virtually no oversight of the company's work to support the U.S. invasion and occupation of Iraq in March 2003.

Under an agreement for logistical support for Operation Iraqi Freedom, Kellogg Brown and Root (KBR), a Halliburton subsidiary, has received $4.5 billion for activities in Iraq and Kuwait since the invasion, including more than $3 billion to import fuel and repair oil fields. The full contract may eventually be worth as much as $18 billion.

In testimony submitted to members of Congress, one truck driver explained in detail how taxpayers were billed for empty trucks driven up and down Iraq and how $85,000 vehicles were abandoned for lack of spare tires. A labor foreman said dozens of workers were told to "look busy" while doing virtually no work for salaries of $80,000 a year. An auditor related how the company was spending an average of $100 for every single bag of laundry and $10,000 a month for company employees to stay in five-star hotels.

"We saw very little concern for cost considerations," David Walker, head of the General Accounting Office, the investigative arm of the Congress, told members of the Congress who attended a hearing at the Government Reform Committee in the House of Representatives. "There are serious problems, they still exist, and they are exacerbated in a wartime climate."

William Reed, director of the Pentagon's Defense Contract Audit Agency (DCAA), also released a report to members of Congress that stated: "In our opinion, the contractor's billing system is inadequate in part. We also found system deficiencies resulting in material invoicing misstatements that are not prevented, detected, and/or corrected in a timely manner."

Critics say that the Halliburton's contract with the military has been especially problematic because the company has what is called a "cost-plus" contract, which means the company is repaid for all expenditures, plus a percentage fee and possible bonus on top of that.

"While the Bush administration failed to adequately plan for the safety of our troops--as proven by its failure to provide sufficient body armor--it made certain that Halliburton would make a killing long before the war began," said Jim Donahue, coordinator for Halliburton Watch, a nonprofit organization based in Washington.
 

StevieD

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This was not only a no bid contract but Halliburton gets a percentage of the overall cost. So basically the worse things are over there the better it is for Halliburton.
 

shamrock

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its totally false freeze, where did Halliburton make 18 billion under Clinton. And where was all the waste? This is complete bs, and now we see exactly why we went into Iraq in the first place. Tell me Cheney won't receive compensation for this. This is one of the most ridiculous things I have ever seen.
 

dr. freeze

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halliburton got the same no bid contracts in Serbia....no stink was raised then.....

there is not ONE government contract where money is not wasted.

there is not ONE corporation that does not have tons of tax loopholes many of which are illegal....with the double taxation placed on companies, they MUST do this in order to survivie....doesn't make it right, but thats what happens in today's dishonest business climate...accountants are corrupt, CFO's are corrupt, some CEO's are corrupt, their lawyers are corrupt, and people who are supposed to monitor this are corrupt...

thats what happens when the morals of America go bankrupt

good luck trying to fix it and it is ignorant to try to insinuate how one political party cheats all the time and the other doesn't....they are all corrupt and sadly America is heading down the trash can while it happens
 

StevieD

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I agree with you Freeze that a lot of the corporations and most of the politicians are corrupt. But you do not seem outraged when it is the Republicans who are caught. Four years later you are still yelling about some crook that Clinton pardoned while you turn the other cheek at the crook who sits in the VP's chair. Doesn't it piss you off just a little that Americans are dying while these corrpt SOB's get richer and richer? There were no WMD's in Iraq, there has not been any al-Qaeda connection, and it is very doubtful that Democracy could possibly work there. The military is stretched to it's limits. We have a President and a Sec. of Defense that doesn't mind wasting American lives instead of defending the soldiers with the full force of the United States military. a weapons arsenal that you and I paid for, to be used in a time of war, but for some reason they are not used as our soldiers are picked off like ducks in a shooting range. There is no known end to this madness over there. And all you can say is where is the outrage over Tom Mix or whoever that crook was that Clinton let go?
 

Chanman

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they are all corrupt and sadly America is heading down the trash can while it happens

they are all corrupt and sadly America is heading down the trash can while it happens

Bill Clinton once famously vowed to create a ?cabinet that looks like America.? George Bush has created a cabinet that looks like Corporate America. In the past, the term revolving door referred to government officials leaving office to work for the very corporations they had regulated. Increasingly, the highest of government officials arrive directly from the executive offices of powerful corporations. Lobbyists are appointed to the jobs whose occupants they once vied to influence. Those who regulate and those supposed to be regulated have become almost indistinguishable.

Here are a few egregious examples:
Related Story:

Financing The Election

Soft Money Out, Bundling In
Corporate Backers Spend More, Get More

Andrew Card, Chief of Staff
A former chief lobbyist for General Motors and CEO of the American Automobile Manufacturers Association, Card led the industry?s $25 million campaign against tighter fuel emission standards, as well as its fight against the Kyoto Protocol. When Card got his new job with the administration, General Motors threw him a lavish ascension party on the roof of the Kennedy Center in Washington D.C. Two months after taking office, the Bush administration withdrew from Kyoto. Nearly four years later, fuel emission standards remain unchanged.

Elaine Chao, Secretary of Labor
A former director of five different companies, including Dole Food and Clorox, and an executive at Bank of America, Chao used to work for the Heritage Foundation where she helped the think tank denounce affirmative action. She was a Bush ?Pioneer? in 2000, bundling over $100,000 Under Chao, the Labor Department reversed OSHA rules protecting workers from repetitive stress and tried to get Congress to eliminate overtime protection for millions of workers,

Ann M. Veneman, Secretary of Agriculture
Veneman was a director at Calgene, creators of the Flavr Savr tomato, the first genetically modified food sold in supermarkets. Calgene became part of Monsanto, which later became part of Pharmica. With Veneman on board, the Bush administration has pushed to open up foreign markets to genetically modified foods

James Connaughton, Chairman of the Council on Environmental Quality Bush?s top environmental advisor is not only a former lobbyist for ARCO (Atlantic Richfield Company), Alcoa and General Electric, he also worked for the powerful Chemical Manufacturers Association, the powerful trade association representing some of America?s top polluters. With Connaughton in the administration, the chemical industry has pulled off one of the most remarkable feats of corporate influence in recent history: despite an EPA warning that a terrorist strike on any of 123 of the nation?s most dangerous chemical plants could kill or injure more than a million people, a bill tightening security among the plants has never even come to a vote on the Senate floor.

Mark Rey, Undesecretary for Natural Resources and Agriculture at the Dept. of Agriculture Rey lobbied for timber industry groups like the American Forest and Paper Association and the National Forest Products Association. The industry was pleased when the Bush Administration pushed the so-called ?Healthy Forests Initiative,? increasing logging in 11 national forests in the Sierra Nevada, and by new rules limiting public comment and litigation opportunities on logging issues.

THIS CAME FROM: WWW.CorpWatch.org a great watch dog on Corporate AMERICA.
 

djv

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Cheney was CEO when this happen he should answer for it. But he wont.
 

dr. freeze

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StevieD said:
I agree with you Freeze that a lot of the corporations and most of the politicians are corrupt. But you do not seem outraged when it is the Republicans who are caught. Four years later you are still yelling about some crook that Clinton pardoned while you turn the other cheek at the crook who sits in the VP's chair. Doesn't it piss you off just a little that Americans are dying while these corrpt SOB's get richer and richer? There were no WMD's in Iraq, there has not been any al-Qaeda connection, and it is very doubtful that Democracy could possibly work there. The military is stretched to it's limits. We have a President and a Sec. of Defense that doesn't mind wasting American lives instead of defending the soldiers with the full force of the United States military. a weapons arsenal that you and I paid for, to be used in a time of war, but for some reason they are not used as our soldiers are picked off like ducks in a shooting range. There is no known end to this madness over there. And all you can say is where is the outrage over Tom Mix or whoever that crook was that Clinton let go?

i am not sure which Republicans have got caught...?

i am for swift justice for ALL crooks...unlike most liberals who believe in lawyer maneuvers....

Mark Rich was the guy who Clinton pardoned and donated millions to the DNC immediately afterward...just a refresher

I am totally for what Bush is doing in Iraq other than he si not being aggressive enough....but one has to wonder what the media would do if he did get more aggressive....good greif they already want Al Jazeera back up in there...it is a laughingstock....i thnk we had to go in there and clean up Hussein at a critical time for our credibility which had been destroyed by our unwillingness to fight tough....

and please dont rehash the WMD thing again or I will have to refresh your memory with the thread again....it is an absoultey intellectually dishonest argument to make

i disagree with Bush on many things...now he is allowing the UN to monitor our elections...you will not find bigger opponent of this move...i believe it is almost treason to allow this....and if i had any alternative in to elect in the White house I would be the first to vote for him......

unfortunately John Kerry is a bigger globalist.....and he is also a socialist and believes in giving more and more handouts....killing the American dream
 

djv

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Doc as long as we bring it back home and hand it out here. It's a better plan then Bush's hand outs overseas.
 
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