Blackwater Worldwide adopts fresh image to seek funds

[maddezmom]

Blackwater Worldwide, the private security firm accused of killing 17 civilians in Baghdad, is seeking a financial backer after talks with Cerberus Capital fell through.

The North Carolina-based private army said that it needed financing to expand its operations and is thought to be looking for about $200 million (£100 million).

Blackwater has become the highest profile of the private security companies (PSCs) operating in Iraq after a number of fatal incidents involving its armed guards.

In 2004 four of its American contractors were captured in Fallujah and their bodies were mutilated before being hung from a bridge. This was the catalyst for an invasion of the city by US Marines.

more:http://business.timesonline.co.uk/tol/business/industry_sectors/support_services/article3857563.ece

[Demeter]

1. A Little Schaudenfreude Makes My Heart Sing

So Cerberus took such a bath in buying GMAC and Chrysler that it can't afford $200,000 of mere pocket money, or has thought better of getting in bed with Blackstone?

Did Blackstone discuss their new contract on America, perhaps?

Who says you can't teach a three-headed dog new tricks?

[FreepFryer]

2. 'Blackwater', 'Cerberus', etc... evil/death imagery as a reflection of what we've become. (n/t)