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  • Monday, October 17, 2005

    Cheyney Profiting privately off the public

    A look into the financial world of the Mr. Potter (the evil banker from It's a Wonderful Life) look-alike. From American Progress:

    IRAQ AND KATRINA HAVE MADE CHENEY RICHER: In 2003, Vice President Cheney asserted, "Since I left Halliburton to become George Bush's vice president, I've severed all my ties with the company, gotten rid of all my financial interest. I have no financial interest in Halliburton of any kind and haven't had, now, for over three years." That wasn't true in 2003, and it's not true now. In 2003, Cheney still received deferred compensation from the contracting behemoth and possessed more than 433,000 stock options. Those options were worth $241,498 a year ago; they now are worth more than $8 million. With Cheney in office, Halliburton has received more than $10 billion for work in Iraq and received one of the first no-bid contracts for work in the Gulf Coast.