Thousands of companies are jockeying for billions of dollars in Defense Department contracts to build a shield designed to intercept and destroy missiles launched against the United States.

But amid the intense competition, a handful of firms have an important inside connection.

At least four of the companies awarded contracts so far are owned by Cerberus Capital Management, a private equity firm founded by billionaire Steve Feinberg, who until last year ran the company and is now the deputy secretary of defense — the second-highest-ranking official in the Pentagon.

Feinberg oversees the office in charge of the Golden Dome for America project, which is modeled on Israel’s Iron Dome missile defense system.

Feinberg filed paperwork saying he divested from Cerberus and its related businesses. But his government ethics records contain an unusual clause: He is allowed to continue contracting with the company for tax compliance and accounting services as well as health care coverage, a financial relationship that documents show could continue indefinitely.

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[–] 20 points 8 months ago

NO. FUCKING. SHIT.

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  • [–] 37 points 8 months ago
    [–] 9 points 8 months ago

    Terrrific reporting into the obvious. I hope something more than absolutely nothing comes of this.

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  • [–] 13 points 8 months ago (2 children)

    An obvious ’duhh’ moment, but still important to understand these details when you share your views with anybody without sounding like some tin-foil hat wacko. Thx for the share

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  • hideshow 2 child comments
  • [–] 5 points 8 months ago

    Anyone in a coma between 2016 and 2028 is going to be shocked when they come out of it!

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  • 9 comments in c/politics@lemmy.world view that post
    [–] 22 points 8 months ago (1 child)

    Remember back in 2015 when it was news that Trump was not going to divest from his business interests? This is the result of that.

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  • hideshow 1 child comment
  • [–] 11 points 8 months ago
    [–] 11 points 8 months ago

    I hope these three journalists have appropriate security for following these threads.

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  • [–] 9 points 8 months ago
    [–] 8 points 8 months ago
    [–] 7 points 8 months ago
    [–] 5 points 8 months ago

    Ahhh, regulatory capture. As American as regime change

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  • [–] 1 point 8 months ago

    first_time.gif

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  • 3 comments in c/politics@sh.itjust.works view that post
    [–] 8 points 8 months ago*

    This is standard operating procedure.

    Reps and others pass laws; they invest accordingly.

    It's easy to make a fortune when you can predict outcomes. "If we pass this law, ________ will profit. Let's buy ________ now, before the rush of investors."

    This is why they and their entire families become stinking rich on such a small salary, looking into Maxine Waters recently, for example, was blatant and shocking to me.

    Trump's entire family are now billionaires, in just a few years in office.

    Add up all of these little "perks" and you realize that politics are one of the easiest ways to become rather wealthy... much easier than running a small business, for example.

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  • [–] 4 points 8 months ago* (last edited 8 months ago)

    Seems more than a little likely these idiots would try to provoke an attack in order to either justify building a golden dome or to test something they've already built...

    Good thing the most competent administration in history replaced diversity with meritocracy, otherwise I'd be a little worried about them being arrogant, not knowing what they're doing, and refusing to listen to anyone who isn't a yes man, and inevitably killing us all in an attempt to prove how useful they really are.

    Seeing how far AI has come in the U.S. since 2025 should reassure us that we're in excellent, and very large hands.

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  • [–] 2 points 8 months ago

    .. they help "regulate".

    Falsifying-quotes should have been used in the title, tbh.

    _ /\ _

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  • 1 comment in c/usa@lemmy.ml view that post
    [–] 2 points 8 months ago

    Almost like the intertwined roots of a swamp flooded with filth.

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  • 1 comment in c/usa@midwest.social view that post
    [–] 4 points 8 months ago

    Is there a no shit sub? Or you don't say?

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