Tuesday, August 22, 2006

Cheney's remaining US investment

Firestarter5 asked a question in a previous post about who of the neo-cons has stock in Halliburton. Well, we certainly know that Cheney does. In 2005, his 433,333 stock options soared by 3,281%. Now, Cheney says he has "pledged" the proceeds to charity. Yeah, and did you also know that the insurgency in Iraq is "in the last throes"? I hope this so-called "charity" isn't counting on Cheney's word on this. Unless, of course, it is a charity run in the mold of Tom DeLay's "charitable organisations."

Halliburton's government contracting has increased by 600% under the Bush/Cheney administration and was the fastest growing contractor between 2000 and 2005. The stock did drop, although lately it has recovered and leveled out, as this five year plot shows (vertical scale is compressed compared to the Cheney stock options value graph):

No doubt this is due to the fact that Halliburton has raked in about it is going to from US government contracts in Iraq, unless Bush keeps all those troops over there for as long as he can -- and he certainly intends on doing that. KBR will then keep pulling in some change.

As far as other of Cheney's neo-con cohorts, well, not much is readily apparent. I'm certain that any investment in Halliburton by these others is probably well-veiled.

2 Comments:

Anonymous hotpotatomash said...

see, cheney is making out like a bandit directly for his leading role in making the iraq war happen and in his contribution to the terrible planning and management of said war and for his often direct intervention in the contracting process to the benefit of halliburton and himself - all of which has cost the lives of untold US soldiers. no problem there.

but its an entirely nothing story if, lets say, his wife lost i dunno, $175,000 in a real estate deal in the middle of nowhere that really affected no one. because if that happened, well, then it is on!

and if you cannot recognize the difference, why should anyone care about "Anything [you] Say?"

11:27 AM  
Anonymous Robb said...

This makes "insider trading" look like Little League.

1:17 PM  

Post a Comment

<< Home