CBC : UNAUTHORIZED BIO OF DICK CHENEY 2 OF 3

THE 5TH ESTATE: THE UNAUTHORIZED BIOGRAPHY OF DICK CHENEY PART 2 OF 3

2000

-Halliburton announces layoffs and assets sales because of weakness in its construction and engineering businesses. Analysts reduce Halliburton’s earning forecast. Halliburton announces it is under a grand jury investigation for over-billing the government of California.

-Cheney suffers his fourth heart-attack.It is reported that Halliburton stock has lost between $3 and $4 billion of its total market value.

-Dressers Industries asbestos problem and weak engineering portfolio is blamed. Democrats question if Cheney had insider information when he sold his stock two months earlier for $30 million. During the election campaign Cheney tells ABC News. “I had a firm policy that we wouldn’t do anything in Iraq, even arrangements that were supposedly legal.”

-However, during his time as CEO, Halliburton was selling millions of dollars to Iraq in supplies for its oil industry. The deals were done through old subsidiaries of Dresser Industries. It was done under the auspices of the corrupt UN Oil for Food Program. Halliburton worked with Iran and Libya as well, using its own subsidiaries.

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