The Obama administration loves private equity underwriters (PEU's). They stand to save flagging banks, rebuild America's infrastructure, and reform health care & education. But PEU affiliates also serve the federal government, now mostly a general contracting operation.
Booz, Allen, Hamilton
2008 federal contracts-$2.8 billion
Reported annual revenue-$2.0 billion
Federal contracts to reported revenue 140%
ARINC
2008 federal contracts-$718 million
Reported annual revenue-$300 million
Federal contracts to reported revenue 240%
ARINC's federal contracts exceeded reported revenue due to funneling of "helicopters for Iraq" through the engineering firm.
These are only two of Carlyle's nearly 1000 firms. The Government Industrial Monstrosity gives generously to insiders.
