Allan

Remember when Trump promised to drain the swamp? ProPublica just reported that the Pentagon awarded nearly $350 MILLION in contracts to Alvarez & Marsal entities, including a $281 million no-bid consulting contract to advise an office run by George Kollitides, a former partner at a closely connected private-equity firm. Kollitides was even still listed as an adviser to his former firm after joining the Pentagon. His financial disclosures generally aren’t public, and questions remain about potential conflicts of interest. Meanwhile, Elizabeth Warren has been sounding the alarm about private equity’s growing grip on defense contractors, taxpayer overcharges, and the national security risks of putting profit ahead of competition and accountability. Different companies. Same disturbing questions about who’s getting rich, who’s watching the money, and who’s protecting the American taxpayer. Trump didn’t drain the swamp. He gave Wall Street a key to the Pentagon.