Just as the blind devotion to deregulation of the financial markets can be blamed for much of the current meltdown on Wall Street, the war profiteers have enjoyed a Baghdad Bubble as a result of the Bush administration’s refusal to hold them accountable.Not far from Wall Street is a little-known company called L-3. As a contractor L-3 is a kind of conglomerate that was created by Wall Street (Lehman Brothers) execs who saw the war and burgeoning military spending as a golden opportunity. So they went on an acquisition spree, gobbling up Titan (who Lockheed stopped courting when it was revealed that they had to pay the largest fine in history for corporate bribery), the company that provided translators at Abu Ghraib. L-3 is also the parent company of the mercenary firm MPRI, which was contracted to train the Iraqi Army.

According to the Center for Public Integrity, L-3 is the 6th largest Iraq war profiteer.

A lot of money is being made in this dirty business. You would think this greedy dogs would take care of our troops.