A BuzzFlash Reader Commentary
Crusader Flap A Shell Game
May 10, 2002
Mr. Rumsfeld has no intention whatsoever of firing General White over this phony Crusader flap. Mr. White did exactly what he was supposed to do and trained to do - he shilled for corporate America. The Carlyle Group, the corporate entity where old Republican war mongers (including George Bush Sr.) go to die, bought United Defense Industries. This purchase would and could only be valuable if the Army bought the Crusader system, price tag 11 billion and counting. General White then hyped the Crusader and its likelihood of being commissioned. This caused United Defense Industries stock to jump. The Carlyle Group then sold a huge block of the stock and netted over 200 million dollars. After that, Carlyle, nor White, nor Rumsfeld could care one way or another about whether the Crusader was built or not. Their buddies had already made their dough and some other suckers were left holding the bag. A move straight out of the Enron playbook.
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Defense raises $400.9 mln in rare defense IPO
*Note*: This part of the Carlyle scam is really devious. It's got Enron/Global Crossing written all over it. By the way, Carlyle and Global Crossing share some of the same principle players.
takes money out of United Defense Industries
Buildup Enriches Firm Staffed by Big Guns
*Note*: For more on the Carlyle group check out--
Google Search: Carlyle profits from sale of United Defense Industries
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