Iraq makes it boom time for former dogs of war

[NNN0LHI]

http://www.alertnet.org/thenews/newsdesk/L15291235.htm

LONDON, Sept 22 (Reuters) - Old style mercenaries may have played their last hand in the failed coup against Equatorial Guinea, but in Iraq their modern namesakes are making fortunes.

And the big difference is that it is all legal.

No need to try to take over a country to make a financial killing: the U.S-led war on terror has made it a boom time for the Private Military Companies (PMC) which have superseded the one-time dogs of war.

"These companies have gone from nothing to huge in just two years because of Iraq," one well-connected industry insider told Reuters. "The amount of work out there is staggering."

Estimates of the numbers of private security contractors in Iraq range up to 30,000 or more because there is no central register and as private armies they write their own rules.

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[saigon68]

1. LOTS OF CORRUPT EX US GENERALS OWN THESE MERCENARY COMPANIES

They are all millionaires--- they hire the best spec ops people and pay them between $250,000.00 and $350,000.00 per year.

The contracts the generals are awarded are through the connections they had in the service, these are open ended no bid contracts, paid for by the US taxpayer.

There are no rules, or anything. These people are armed with an array of weapons better than any military unit in the world or public agency like the Secret Service.

The troops in the services don't like their grandstanding, lifestyle or anything at all about them. Some troops are eager to join them for the money and for the ability to kill with no restrictions.