Huffpost Politics

Rumsfeld Didn't Cut Weapons Programs Because Of 'His Own Financial Situation'

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Here's an intriguing detail from the new 685-page tome on Donald Rumsfeld, Bradley Graham's By His Own Rules: The Ambitions, Successes, and Ultimate Failures of Donald Rumsfeld: Several Rumsfeld associates say the defense secretary didn't order any cuts of major weapons programs early in his tenure because of financial stakes he held in the defense business.

Rumsfeld valued his personal fortune at between $50 to $210 million at the beginning of the Bush Administration. The problem was many of the securities he held were in companies that did business with the DOD, which could put Rumsfeld in violation of government ethics rules.

Read the whole story at TPMMuckraker

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