Privatization & Procurement

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CorpWatch Blog
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Greg Smith, a Goldman Sachs employee in London, has quit the company with a fiercely critical op-ed in the New York Times in which he accuses the Wall Street investment bank of losing its moral compass. Read More
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New York Times
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Four years after the disintegration of the financial system, 24 million people jobless or underemployed. Yet claims of financial fraud against companies like Citigroup and Bank of America have been settled for pennies on the dollar, with no admission of wrongdoing. Executives who ran companies that made, packaged and sold trillions of dollars in toxic mortgages and mortgage-backed securities remain largely unscathed. Read More
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Washington Post
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Two Guantanamo detainees have left captivity, the Defense Department says. One is bound for the Atlantic island Cape Verde, but the other is headed for Algeria, where he fears he'll be tortured or killed. Read More
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Special to CorpWatch
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This week, almost a decade after the U.S. "War on Terror" began, the Commission on Wartime Contracting held two days of hearings into the role of private contractors in conducting and supporting war. The Congressional witness table included Aegis, DynCorp and Triple Canopy. Curiously, Blackwater was not called; and the CEO of Torres Advanced Enterprise Solutions failed to appear. Read More
Published by
New York Times
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Top military officials continue to rely on a secret network of private spies set up by Michael D. Furlong, despite concerns about the legality of the operation. A New York Times review found Mr. Furlong's operatives still providing information, with contractors still being paid under a $22 million contract, managed by Lockheed Martin and supervised by a Pentagon office. Read More
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Special to CorpWatch
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The recent boom in humanitarian aid has an underbelly largely invisible to charity sector outsiders. "Easy money: the great aid scam," packs a biting critique (Linda Polman, The Sunday Times Online, April 25). In 2006, CorpWatch's "Afghanistan, Inc.", cited by Polman, drilled down on reconstruction dollars, in what's become known as "Afghaniscam." We bring our report to you again. Read More
Published by
Washington Post
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The headline read like something you might see in the conspiracy-minded Pakistani press: "Contractors Tied to Effort to Track and Kill Militants." But the story appeared in Monday's New York Times, and it highlighted some big problems that have developed in the murky area between military and intelligence activities. Read More
A top Pentagon official ran a covert network of contractors that supplied the U.S. government surveillance information for drone strikes and assassinations in Afghanistan and Pakistan, according to a complaint filed by the Central Intelligence Agency and revealed by the New York Times. The official, Michael D. Furlong, is a civilian employee of the U.S. Air Force with a decade-long record of running psy-ops propaganda programs for the military in Bosnia, Kosovo and Iraq. Read More
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