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BumRushDaShow

(144,168 posts) Mon Dec 23, 2024, 05:41 AM Monday

Trump picks billionaire Stephen Feinberg to be deputy defense secretary

Source: Reuters

December 22, 2024 5:44 PM EST Updated 12 hours ago

WASHINGTON, Dec 22 - President-elect Donald Trump said on Sunday he would nominate billionaire investor Stephen Feinberg to serve as deputy secretary of defense.

Feinberg is the co-chief executive of Cerberus Capital Management LP, a private equity firm that has invested in defense contractors. He served on an intelligence advisory board during Trump's 2017-2021 White House term.

Feinberg would serve as the No. 2 official at the Pentagon under Trump's choice for defense secretary, Pete Hegseth, a former Fox News host who faces questions about allegations of alcohol abuse and sexual misconduct. Hegseth has denied any wrongdoing.

Trump also nominated Elbridge Colby to serve as undersecretary of defense for policy, the No. 3 position at the Pentagon. Colby, known as a China hawk, served as a senior Pentagon official during Trump's first term.

Read more: https://www.reuters.com/world/us/trump-picks-billionaire-stephen-feinberg-to-be-deputy-defense-secretary-2024-12-22/

6 replies

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Trump picks billionaire Stephen Feinberg to be deputy defense secretary (Original Post) BumRushDaShow Monday OP

Wonder how much the patronage bribe is to decide contracts for your own companies? JT45242 Monday #1

How long before the DoD goes back to it's previous monicker the War Department? Hugin Monday #2

Fascism: alignment of authoritarian government with industry. . . . . nt Bernardo de La Paz Monday #3

Another day another billionaire appointment. Vinca Monday #4

So his investment company is named after Satan's dog? JohnnyRingo Monday #5

This is not a bad choice, all in all. Shipwack Monday #6

JT45242

(2,991 posts)

1. Wonder how much the patronage bribe is to decide contracts for your own companies?

Reply to BumRushDaShow (Original post)

Mon Dec 23, 2024, 05:55 AM

Monday

Does it vary by agency?
Sliding scale?
A percentage of the contract like an agent?

The grift and criminality is mind boggling.

Hugin

(34,745 posts)

2. How long before the DoD goes back to it's previous monicker the War Department?

Reply to BumRushDaShow (Original post)

Mon Dec 23, 2024, 06:01 AM

Monday

Serious question.

At least those layabouts like the Army and Navy will turn a profit for once.

Bernardo de La Paz

(51,238 posts)

3. Fascism: alignment of authoritarian government with industry. . . . . nt

Reply to BumRushDaShow (Original post)

Mon Dec 23, 2024, 07:53 AM

Monday

Vinca

(51,228 posts)

4. Another day another billionaire appointment.

Reply to BumRushDaShow (Original post)

Mon Dec 23, 2024, 08:02 AM

Monday

Hope the "average working people" are still happy with their Trump vote.

JohnnyRingo

(19,416 posts)

5. So his investment company is named after Satan's dog?

Reply to BumRushDaShow (Original post)

Mon Dec 23, 2024, 09:59 AM

Monday

That alone tells me enough about his business ethics to say he'll be devoid of morals in any endeavor.

Cerberus guarded the gates of Hell to make sure the dead did not leave. He knew that and thought it was the perfect name for what he does.

Shipwack

(2,340 posts)

6. This is not a bad choice, all in all.

Reply to BumRushDaShow (Original post)

Mon Dec 23, 2024, 12:14 PM

Monday

Yes, he’s probably a garbage person, just like anyone that would associate with Trump. However, Trump (or any Republican president) is not going to appoint anyone that we like.

At least this guy is familiar with the defense industry, and has experience running a large organization. He’d be a better choice for SecDef than Hegseth.

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