According to this WaPo story, Halliburton will no longer have exclusive, no-bid contracts to provide a boatload of services to our armed forces abroad. Oh great. Four years and $14.5 BILLION later [$7.3 B alone in 2005] the plug is being pulled. But holy shit, the damage has been done, and then some.
Cutting the no-bid contracts now, is a calculated move:
The decision on Halliburton comes as the U.S. contribution to Iraq’s reconstruction begins to wane, reducing opportunities for U.S. companies after nearly four years of massive payouts to the private sector.
Wha? No more contracts? So there won’t even be too much money to bid on anyways? Great. That’s sort of like stealing money from everyone in the phone book and then stopping around the letter “X” because there aren’t too many more people to steal from with last names beginning with X, Y and Z and it’s not worth the effort any more because you’ve already made $14.5 BILLION.
Through midday trading, HAL stock is down almost a point.
Halliburton sucks. Let us shout the ways…
