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In reply to the discussion: Journalist Risen: 'Mercenary Class' Now Permanent Fixture in National Security State [View all]Octafish
(55,745 posts)9. Carlyle Group owns Booz Allen Hamilton, NSA's go-to contractor.
Great way to know where the money is before the elected representatives even know where they'll be sending it is to hold the information first:
Behind the Curtain: Booz Allen Hamilton and its Owner, The Carlyle Group
Written by Bob Adelmann
The New American, Thursday, 13 June 2013
According to writers Thomas Heath and Marjorie Censer at the Washington Post, The Carlyle Group and its errant child, Booz Allen Hamilton (BAH), have a public relations problem, thanks to NSA leaker and former BAH employee Edward Snowden. By the time top management at BAH learned that one of their top level agents had gone rogue, and terminated his employment, it was too late.
For years Carlyle had, according to the Post, nurtured a reputation as a financially sophisticated asset manager that buys and sells everything from railroads to oil refineries; but now the light from the Snowden revelations has revealed nothing more than two companies, parent and child, bound by the thread of turning government secrets into profits.
And have they ever. When The Carlyle Group bought BAH back in 2008, it was totally dependent upon government contracts in the fields of information technology (IT) and systems engineering for its bread and butter. But there wasn't much butter: After two years the companys gross revenues were $5.1 billion but net profits were a minuscule $25 million, close to a rounding error on the companys financial statement. In 2012, however, BAH grossed $5.8 billion and showed earnings of $219 million, nearly a nine-fold increase in net revenues and a nice gain in value for Carlyle.
Unwittingly, the Post authors exposed the real reason for the jump in profitability: close ties and interconnected relationships between top people at Carlyle and BAH, and the agencies with which they are working. The authors quoted George Price, an equity analyst at BB&T Capital: "

For instance, James Clapper had a stint at BAH before becoming the current Director of National Intelligence; George Little consulted with BAH before taking a position at the Central Intelligence Agency; John McConnell, now vice chairman at BAH, was director of the National Security Agency (NSA) in the 90s before moving up to director of national intelligence in 2007; Todd Park began his career with BAH and now serves as the country's chief technology officer; James Woolsey, currently a senior vice president at BAH, served in the past as director of the Central Intelligence Agency; and so on.
CONTINUED...w/links, details, and a roadmap for future inquiry...
http://www.thenewamerican.com/usnews/crime/item/15696-behind-the-curtain-booz-allen-hamilton-and-its-owner-the-carlyle-group
After Allen Dulles hired the Mafia to help kill Fidel, who knew there'd be such demand to kill people on behalf of Uncle Sam?
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Journalist Risen: 'Mercenary Class' Now Permanent Fixture in National Security State [View all]
Octafish
Oct 2014
OP
T Roosevelt, Truman, and Eisenhower all tried to rid the country of the post-war war machine
librechik
Oct 2014
#25
And don't forget how former Booz Allen CEO is now the lying head of the NSA. Conflict of interest
sabrina 1
Oct 2014
#58
Forgot to mention: Cheney spearheaded the privatization of Pentagon profits for BFEE
Octafish
Oct 2014
#76
It is truly sickening. It is obvious to anyone now that the wars they drag this country into
sabrina 1
Oct 2014
#82
They hate the new Iphone. We aren't supposed to have anything that can keep them from searching us.
L0oniX
Oct 2014
#39
Remember when Blackwater threatened to kill State Department inspector in Iraq? RISEN told us...
Octafish
Oct 2014
#15
The prolongation of the mercenary class/top secret everything is deeply troubling to me.
democrank
Oct 2014
#20
this is actually the point where we need POTUS to fulfill the promise of transparency
nashville_brook
Oct 2014
#40
I think you missed the point here. It appears that Pres Obama doesn't have the power
rhett o rick
Oct 2014
#51
True and before a single shot is fired, somebody's got to pay. Just don't ask for an accounting...
Octafish
Oct 2014
#87
The fact that they can keep files locked for 50 years says a lot about how little we are allowed to
liberal_at_heart
Oct 2014
#27
Which would explain why Gov. Don Siegelman's in prison and George W Bush is not.
Octafish
Oct 2014
#50
In general, the Founding Fathers did not even want us to have a standing army,
JDPriestly
Oct 2014
#32
"a long train of abuses and usurpations, pursuing invariably the same Object evinces a design"
johnnyreb
Oct 2014
#42
With US-led air strikes on ISIS intensifying, it’s a good time to be an arms giant
Octafish
Oct 2014
#77
''Money trumps peace.'' -- appointed pretzeldent George Walker Bush, Feb. 14, 2007
Octafish
Oct 2014
#69
War is here to stay. Too much PROFIT to be had. And, yeah, we'll all be starving penniless in the
blkmusclmachine
Oct 2014
#61
Yet the Democratic Party resists any attempt to bring these toxic agencies under control. eom
whereisjustice
Oct 2014
#65
"But some have seen this national security crisis as a financial opportunity, Risen said."
suffragette
Oct 2014
#84