Know your BFEE: CARLYLE Group 'bound by the thread of turning government secrets into profits'

[Octafish]

25. War Party is Buy Partisan

War Is Sell - Washington Elite Benefits from War

Christopher Bollyn
October 31, 2001

War has always been a profitable money machine for shrewd investors with foresight, but the extremely close connections of the Carlyle Group, a Washington-based private equity investment firm and major war profiteer, to the Bush and Bin Laden families raise unavoidable questions of waging war for profit.

Established in 1987 the Carlyle Group was founded by David Rubenstein, a former staff member in the Jimmy Carter White House, and his two partners, Dan D'Aniello and Bill Conway. Today there are 18 partners in the firm and one outside investor. The Washington Post has described Carlyle as a "merchant banking firm" set up "to serve corporations and wealthy families." From the beginning the founders of Carlyle have recruited former politicians as consultants: former President George H. W. Bush is among them, along with a host of other Bush family cronies.

The Bush connection to the Carlyle Group is nothing short of a scandal, according to Larry Klayman, a notable government watchdog best known for pursuing the scandals of former President Bill Clinton. Now that the United States is bombing Afghanistan and allocating huge sums of money for defense, including $40 billion for the "war on terrorism" and more than $200 billion for the Joint Strike Fighter (JSF), the conflict of interest is "direct," Klayman says. "President Bush should not ask but demand that his father pull out of the Carlyle Group." Carlyle owns many of the companies that will share in the $200 billion JSF deal.

"Carlyle is as deeply wired into the current administration (Bush II) as they can possibly be," Charles Lewis, executive director of the Center for Public Integrity, said. "George Bush is getting money from private interests that have business before the government, while his son is president. And, in a really peculiar way, George W. Bush could, some day, benefit financially from his own administration's decisions, through his father's investments. The average American doesn't know that. To me, that's a jaw-dropper."

CONTINUED...

http://www.bollyn.com/war-is-sell-washington-elite-benefits-from-war

PS: Good memory, yours, UTUSN! We the People need it, to keep tabs on these warmongers, 27 years on, now.