The Five Secret Billion-Dollar Companies Sucking Obscene Amounts of Taxpayer Money

By Nick Turse, Tomdispatch.com
Posted on June 26, 2008, Printed on June 28, 2008
http://www.alternet.org/story/89432/

At $34 billion, you're already counting pretty high. After all, that's Harvard's endowment; it's the amount of damage the triple hurricanes -- Charley, Ivan, and Jeanne -- inflicted in 2004; it's what car crashes involving 15-to-17-year-old teenage drivers mean yearly in "medical expenses, lost work, property damage, quality of life loss and other related costs"; it's the loans the nation's largest, crippled, home lender, Countrywide Financial, holds for home-equity lines of credit and second liens; it's Citigroup's recent write-off, mainly for subprime exposure; it's what New Jersey's tourism industry is worth -- and, according to the Center for Strategic and Budgetary Assessments, it's the minimal figure for the Pentagon's "black budget" for fiscal year 2009 -- money for, among other things, "classified weapons purchases and development," money for which the Pentagon will remain unaccountable because almost no Americans will have any way of knowing what it's being spent for.