Friday, 11 January 2008

Blair accused of taking blood money over £1m job with US bank profiting from Iraq war

What is it about ex-politicians? They all seem to end up earning million dollar plus salaries on the back of the fact that they occupied the office they did. What can Blair teach people other than how to suck up to people?

Tony Blair has taken a lucrative job with a U.S. bank which is profiting from the Iraq war.

JPMorgan is expected to pay him £1million a year as a part-time adviser.

It is the first of a series of posts that could see the former prime minister rake in a staggering £40million.

The move brought fierce criticism last night. Reg Keys, whose soldier son Tom was killed in Iraq in 2003, said it was "almost akin to taking blood money".

He added: "If he had a conscience or any sensitivity, he would not have taken this job".

Tory defence spokesman Gerald Howarth said: "It will be viewed with some contempt by the armed forces that he picks up this large cheque when he was happy to send British troops into battle ill-equipped and in insufficient numbers."

JPMorgan is heading a consortium set to make billions as Iraq's economy recovers from the war spearheaded by Mr Blair and U.S. President George Bush.

Full story...

2 comments:

Anonymous said...

These appointments are made because the appointees concerned have very high level CONTACTS and that's all. Blair knows nothing about the business of merchant banking, or anything else if the truth be known. It's common practice for corporations and big banks to do this to extend their sphere of influence.

Anonymous said...

I would guess this is how bribery is done these days.. In the first place, there are "campaign contributions" to get the swine elected.. then, after service to the cause, a very lucrative do-nothing job for the banker-oligarchs.