GE is one of “The Big Cronies.” (Maybe we should put together a “Big Crony” stock index. GE, GM, Goldman, Monsanto, etc.) Live by the crony, taxpayer funded sword. Die by it.
The industrial conglomerate, which builds everything from nuclear reactors to aircraft engines, already has sizable interests in Iraq, including power contracts worth more than a billion dollars and hundreds of employees in the country.
But U.S. diplomats, citing a senior Iraqi government official, are reporting that the Baghdad government “was preparing to sign two more deals with U.S. company General Electric that could be negatively affected, and that the prime minster wanted to expand Iraq’s cooperation with GE into the health, transportation, and aviation sectors, as well as sign a maintenance contract with GE worth billions of dollars,” according to a memo obtained by POLITICO.