When bankers set deadlines, they mean it.
Paul Wolfowitz, not content with the sweetheart deal he arranged for his mistress, wanted to squeeze the World Bank for millions more, using his friend in the White House for leverage. So he lawyered up, with Bob Bennett, not exactly a bastion of good judgement, and recruited 12 editorials in the Wall Street Journal. After a while, Wolfowitz began to believe he was in the right, I guess. So he ignored a deadline set by the Bank, to resign.
oops. Those bankers. They foreclosed on his ass.
They released a classified Pentagon document that implicates Wolfowitz in a corrupt contracting scheme involving, you guessed it, his girlfriend, while she was still working at the Bank!
The report said Mr Wolfowitz told Pentagon investigators he enlisted the help of a World Bank employee with whom he had a “close personal relationship” in “activity supporting the war” in Iraq when he was deputy secretary of defence.
This is likely to be viewed as a violation of bank rules by the World Bank’s board, according to bank officials.
Bank officials said the board was also assessing possible conflicts of interest in 2003 when Ms Riza entered into a contract with a company that provides logistics, intelligence and advice to the Pentagon.
E-mails show the company entered into the contract at the direction of Mr Wolfowitz and following a recommendation by state department officials, including Elizabeth Cheney, daughter of Dick Cheney, US vice-president. The Pentagon investigation was carried out in 2005 as Mr Wolfowitz was leaving the defence department to join the bank.
The woman involved has also lawyered up. It is rumored that she may have been one of the behind the scenes forces that got us into Iraq.
I’d say Wolfowitz ought to get a real lawyer, take what he can get from the Bank, and make sure he has friends in Paraguay.