Free Republic

The wide-ranging leak investigation into the Pentagon continues to claim major scalps.Politico reported this afternoon that a third top official in the Defense Department was put on administrative leave Wednesday and escorted out of the building.The man in question is Colin Carroll, chief of staff to Deputy Defense Secretary Stephen Feinberg.As Politico notes, Carroll is a Marine Corps Reserve officer who has worked at Anduril, a defense contractor that specializes in autonomous systems.He was also infamously fired by the Biden regime for allegedly creating a hostile environment. Before his termination, he served as chief operating officer of the Pentagon’s former...

Everyone is lying.On Tuesday, U.S. Sen. Mark Kelly of Arizona leaned into Stephen Feinberg, President Trump’s pick to be deputy secretary of Defense, and challenged him to defend Donald Trump’s lie.Feinberg could not answer the question with a yes.That was a lie.

DynCorp International, the private military contractor, said on Monday it has agreed to sell itself to Cerberus Capital Management for $1.5 billion, as the private equity industry continues to return to its core business of deal-making. Cerberus will pay $17.55 a share for DynCorp, a 49 percent premium to Friday’s closing price of $11.75. DynCorp now has 28 days under a “go-shop” provision within the deal agreement to find a higher and better offer. While DynCorp has continued to win new contracts from the federal government, it has also been the subject of controversy over the years for its assignments...

President Trump plans to assign a New York billionaire to lead a broad review of American intelligence agencies, according to administration officials, an effort that members of the intelligence community fear could curtail their independence and reduce the flow of information that contradicts the president’s worldview. The possible role for Stephen A. Feinberg, a co-founder of Cerberus Capital Management, has met fierce resistance among intelligence officials already on edge because of the criticism the intelligence community has received from Mr. Trump during the campaign and since he became president. On Wednesday, Mr. Trump blamed leaks from the intelligence community for...

HURTIN' OWNER SEEKS MORE RE$CUE FOR GMAC Reclusive billionaire and Cerberus Capital Management boss Steve Feinberg wants TARP funds to bailout GMAC....the finance arm of struggling automaker General Motors. GM must raise $11.5B in fresh capital to pass the govt's stress test. Last year GMAC got $6B TARP ....but can only devote $2.4B TARP to meet GMAC's shortfall. GMAC burned through $10.2B in the first quarter...with just $11.6B cash left. Most banks were told to raise capital and are not likely to tap the feds for more help......but Uncle Sam could end up being GMAC's only option. The Obama admin...