Who runs the Department of War?
Well, it’s probably not the drunken rapist–Kegsbreath, even though his name appears at the top of the flow chart.

However, Kegsbreath does make a good foil for the true leader of the Pentagon, whom the Wall Street Journal, profiled with a provocative article, entitled: “A Private Equity Billionaire Mounts His Biggest Takeover Yet: the Pentagon.”
Even though Stephan Feinberg, the private-equity billionaire owner of the Cerberus Capital Management hedge-fund, is only the No. 2 Pentagon official he probably regards an idiot such as Hegseth as a very useful lightning rod. The tattooed, former FOX news host’s outrageous public statements and actions divert media attention, thereby allowing Feinberg, his nominal subordinate, to operate in the shadows he has always preferred. During his long business career, Feinberg had been notoriously secretive, even going so far as boasting to his shareholders that he would “kill” any employee who got his picture in the newspapers.

The line between finance and criminal behavior has become increasingly blurred. Feinberg originally got his start under “Junk Bond King” Michael Milken, who was later sentenced to ten years in prison and fined $600 million dollars for financial fraud. Feinberg then founded Cerberus Capital Management, which subsequently became the basis of his fortune.
Though he has flown under the radar, allowing Feinberg at the controls of the Pentagon gravy train is like letting the fox guard the henhouse. Soon after his appointment, Feinberg persuaded Trump to boost the Pentagon budget a whopping 50% to $1.5 trillion per year, more than the total military spending of every other nation on earth. And Feinberg is quietly putting Cerberus Capital apparatchiks in charge of managing this enormous gusher of government money by bringing in some of his top Cerberus Capital subordinates to assist him in the “bust-out”. Fineberg’s crony’s includes former Cerberus Managing Director John Gallagher and a deal team called the Economic Defense Unit led by Cerberus alumnus George Kollitides.
“This is a Cerberus takeover,” said Steve Blank, an adjunct Stanford professor of entrepreneurship and national security. “Private equity has just acquired its largest organization.”
Meanwhile, the Trump Administration’s massive, ongoing corruption combined with PR effort to transform the looting into an entrepreneurial effort has produced some unintended comedy. After joining the US government last year, Feinberg transferred his Cerberus holdings to trusts that benefit his adult children. Asked about potential conflicts of interest, Pentagon spokesman Parnell said, “The Deputy is a man of integrity who has conducted himself ethically throughout his entire career.”

Does this look like a man of integrity?
What’s ironic is that the private equity industry has eviscerated the productive American economy while saddling it with debt and now, with the Cerberus takeover of the Pentagon, it’s poised to do the same to the Department of War.
For an anti-imperialist it seems too good to be true, but I’m sure you can think of better things to do with $1.5 trillion than to turn it over to hedge fund weasels?
Update: Trump’s Iranian fiasco is proof that the private equity takeover of the Pentagon is already yielding the usual malign results.
































