Saturday, March 22, 2003

What's The Sentence For War Profiteering?

I'm no fan of Mo Do, but when she's not trying to be clever or petty, she can write a good column:

Stephen Labaton wrote in The Times on Friday that Mr. Perle was advising the Pentagon on war even as he was retained by Global Crossing, the bankrupt telecommunications company, to help overcome Pentagon resistance to its proposed sale to a joint venture involving a Hong Kong billionaire.

The confidant of Rummy and Wolfy serves as the chairman of the Defense Policy Board, an influential Pentagon advisory panel. That's why Global Crossing agreed to pay Mr. Perle a fat fee: $725,000. The fee structure is especially smelly because $600,000 of the windfall is contingent on government approval of the sale. (In his original agreement, Mr. Perle also asked the company to shell out for "working meals," which could add up, given his status as a gourmand from the Potomac to Provence, where he keeps a vacation home among the feckless French.)

His convictions of right and wrong extend to the right and wrong investments. On Wednesday he participated in a Goldman Sachs conference call to advise clients on investment opportunities arising from the war, titled, "Implications of an Imminent War: Iraq Now. North Korea Next?"

Read the whole thing. The American Enterprise Institute is already picking out Bush's next patsy.

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