Credit Guide

For Immediate Release
Contact: Beth Daley (202) 347-1122
beth@pogo.org, http://www.pogo.org

Card Consolidation Credit Debt May 6, 2002 -- According to a new report released today, many of the U.S. government's largest contractors have repeatedly broken the law or engaged in unethical conduct. However, they are never even temporarily suspended, let alone debarred, from gaining additional government contracts. Smaller contractors are not so lucky. The report, profiled in U.S. News and World Report today, was published by the Project On Government Oversight (POGO).

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Credit Union "The hard work of our nation's law enforcement officials is undermined by billions of dollars in federal contracts flowing to companies who repeatedly break the law and raid the U.S. Treasury," stated Seth Morris, Research Assistant and primary investigator on the project.

The number of websites dedicated to the act of phishing has increased, it has been revealed. August 2005 Simple guides for small firms Small firms in the capital will receive help and advice on winning contracts with major firms, as a new range of guides are launched. Following concerns that smaller companies are missing out on major contracts, the "toolkit" step guide to applying for and winning contracts.

Merchant Credit Guide Co POGO which investigated the issue for more than a year, identified that, from 1990 to the present:

• By law, credit repair organizations must give you a copy of the "Consumer Credit File Rights Under State and Federal Law" before you sign a contract. They also must give you a written contract that spells out your rights and obligations. Read these documents before signing the contract.

  Apply Online For Credit Card The government's 43 top contractors paid a total of $3.4 billion in fines/penalties, restitution, and settlements;

• products and services.

  • Companies that we plan to merge with or be acquired by.
  • Law enforcement and government officials, but only in

  By Card Credit Debt Debt Guide Sixteen of the 43 top contractors have been convicted of a total of 28 criminal violations; four of the top 10 have at least two criminal convictions; and

• These loans are insured by the government and are therefore less of credit concern to the lending company.

  Credit Repair Only one of the 43 top contractors were ever suspended or debarred from doing business with the government. That one suspension action, against General Electric, lasted only five days, when typical suspension and debarment actions last 18 months to three years.

Active Credit Credit Guide Current regulations require that taxpayer dollars be awarded only to "responsible" contractors who have a satisfactory record of "integrity and business ethics." But POGO's data suggests that this is usually not the case. The result is that while crime-fighting branches of the government prosecute lawbreakers, contracting branches reward them.

Credit Score Representative Carolyn Maloney (D-NY) has vowed to introduce legislation aimed at cleaning up the federal government's contracting system, something she did for New York City as a Councilmember, prior to running for Congress. "The bottom line is that the government should not be awarding contracts to companies who break the law or engage in unethical conduct. I think taxpayers would want to know that the government is being a thoughtful consumer," said Representative Maloney.

Bad Car Credit Guide Loan In a recent press release on a contractor under criminal investigation, former federal prosecutor Representative Bob Barr stated: "For the federal government to continue to do business with a private company that has a documented record of defrauding the government and abusing taxpayer money is unconscionable."

Bad Credit Loan Here is a summary of the track records for the ten worst offenders from 1990 to the present:

Credit Definition Derivative KEY: Contractor (headquarters); # of Violations and Alleged Violations; Total Fines/Penalties Restitution, and Settlements; FY99 Contract Awards

1. General Electric (CT); 63; $982,859,555; $1.6 billion
2. Lockheed Martin (MD); 63; $231,872,404; $19 billion
3. Boeing (IL); 36; $357,973,000; $14 billion
4. Raytheon (MA); 24; $128,652,919; $7.8 billion
5. Northrop Grumman (CA); 21; $ 87,876,581; $3.5 billion
6. Fluor (CA); 19; $ 70,016,614; $1.1 billion
7. United Technologies (CT); 18; $214,836,860; $2.7 billion
8. TRW (OH); 16; $389,484,000; $2.5 billion
9. AT&T (NY); 14; $ 16,090,000; $673 million
10. Unisys (PA); 12; $182,245,692; $635 million

Bad Credit Mortgage NOTE: Complete chart can be viewed on page 5 of the report at POGO's web page

The Insider Guide To Credit Among POGO's recommendations to fix problems with the current suspension and debarment system are that:

• Business Credit Card A federal agency such as the General Services Administration maintain a database of violations that government officials could consult before awarding contracts;

• Banker Complete Credit Guide Contractors be required to disclose violations as well as prior suspensions and debarments from doing business with the government;

• Credit Card Application Small and large contractors be treated alike and fairly; and

• Credit Guide Managing Suspension or debarment be mandatory for a contractor who is criminally convicted or had a civil judgement against them more than once in a three-year period. Cases of repeat offenders should also be reviewed and decided upon by the leadership of the federal Interagency Committee on Debarment and Suspension.

Credit Card Offer Copies of POGO's report, "Federal Contractor Misconduct: Failures of the Suspension and Debarment System," as well as the searchable Federal Contractor Misconduct Database can be viewed at http://www.pogo.org

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Merchant Credit Guide Company POGO investigates, exposes, and seeks to remedy systemic abuses of power, mismanagement, and subservience by the federal government to powerful special interests. Founded in 1981, POGO is a politically-independent, nonprofit watchdog that strives to promote a government that is accountable to the citizenry.

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