Best Reconstruction donations can buy

[forestal]

I guess we shouldn't be surprised how bad things are in Iraq if the only qualification you need to get contracts is donations to the Republican party...

The American company appointed to advise the US government on the economic reconstruction of Iraq has paid hundreds of thousands of dollars into Republican Party coffers and has admitted that its own finances are in chaos because of accounting errors and bad management.

BearingPoint is fighting to restore its reputation in the US after falling more than a year behind in reporting its own financial results, prompting legal actions from its creditors and shareholders.

According to the Center for Responsive Politics, BearingPoint employees gave $117,000 (£60,000) to the 2000 and 2004 Bush election campaigns, more than any other Iraq contractor. Other recipients include three prominent Congressmen on the House of Representatives' defence sub-committee, which oversees defence department contracts.​

http://news.independent.co.uk/world/americas/article2152438.ece

 

[dustin]

One such project relates to a $240 million USAID contract for assistance in the development of a competitive private sector in Iraq, where according to a federal investigation the job specifications had mostly been written by BearingPoint itself, effectively excluding competitors from the bid. Ultimately, however, BearingPoint won the project in open competition.