The Mudcat Café TM
Thread #64838   Message #1074480
Posted By: Bobert
17-Dec-03 - 09:14 AM
Thread Name: BS: The Good Things about the Iraq Occupation
Subject: RE: BS: The Good Things about the Iraq Occupatio
Actually, T-Bird, I was a "war profiteer" want-to-be. I didn't take any draws while I was working with Tradetech since I still owned my rental car business and could draw off of it to live. Yeah, I was hoping to get a big paycheck because we closed out our nuts and bolts procurments and invested it in a project that sunk (pun intended): the Sequoia! Oh, what a mistake! The idea was for the Kuwaitis to purchase the presidential boat from the Sequoia Foundation and present it to Bush the Elder as a way of sayin' thank you. We had contacts in the White House and Daddy Bush was receptive. We had variouys minister in Kuwait who were strong-arming various folks over there and everything looked to be in place... BTW, you can blow $2M in a heartbeat in Kuwait with 2 and 3 guys over there workin' a deal. One thing fir sure is that you have to apply lots of grease to Kuwatis ($$$) to get their attention. We had days where we'd be spendin' $20,000 to keep things going... Well, to make a long story short and less painful... The kuwaitis were just blowing smoke and after 3 months of winin' & dinin' & greasin' 'em this venture ran out of money an' I'm sure that there's a bunch of Kuwaits to this very day are still laughin' about it...

My poor brother even used his house as collateral for a loan toward the end and ended up having to sell the house to pay off the loan.

So, I'll admit to once trying to profit indirectly from the war but ended up with working fir a year for nuthin'... And the lessons learned, ahhhh, well, lots... But the one that relates to this discussion is that the bigger the company the more grease avilable to weasel one's company into the deal... i.e. Halliburton...