NSA Contractor Booz Allen Hamilton Has Made $2 Billion For The Carlyle Group

booz allen hamiltonWondering what the deal is with Booz Allen Hamilton, the defense contractor for which NSA whistle-blower Edward Snowden worked? Well, for starters, since 2008, it’s been owned by global investment firm the Carlyle Group, to which both the Bush and bin Laden families were connected, Forbes reports:

In 2008, the Carlyle Group made a large $910 million investment to buy a majority stake in Booz Allen’s government consulting business.

Washington-based Carlyle, which has a long and successful history doing deals involving government contractors, has really made the Booz Allen deal work. The private equity firm has made $2 billion in realized and unrealized profits on the Booz Allen Hamilton deal so far. Its $910 million investment is now worth $3 billion.

There was a time when Carlyle’s ties to the government made the private equity giant a target of conspiracy theories, but the firm has worked hard and successfully to improve its image and limit its connections to the government.

 

 

 

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  • sveltesvengali

    Conthpirathy!!!1

    • sgtdoom

      For the real lowdown on that “conspiracy theory” phrase and history, see Lance DeHaven-Smith’s Conspiracy Theory in America.

  • VaudeVillain

    Shit! They’ve poisoned my coffee with NSA nano-bots!

    But dammit, I just can’t quit you Iced Coolattas.

  • Len

    It’s right there people, the corporations work for the government and the government works for the corporations to spy on, control, and manipulate the people. Sacrifice your freedom for the illusion of security.

  • BuzzCoastin

    The Carlyle Group is pretty much the elite holding company
    it is Bankster Central

    As of December 31, 2012, Carlyle had $170 billion in assets under management across 113 funds and 67 fund of fund vehicles. The firm has more than 1,400 employees including 650 investment professionals, with offices in 33 countries globally. Carlyle has investments in over 200 companies and more than 250 real estate investments. Carlyle’s portfolio companies employ more than 650,000 people worldwide. The firm has over 1,500 limited partners in 75 countries

  • nubwaxer

    it looks like we are wasting a huge amount of resources to achieve dubious value for our investment. in other words, it’s a bad jobs program with few if any benefits compared to its costs.

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