Congress has no legitimate reason to know the profits of a private company. Yet, at the behest of a trial lawyer who stands to make millions by suing Blackwater, Waxman is using his committee to try to do just that.
Using data furnished by the State Department, Waxman has already shown that Blackwater saves the taxpayer an estimated $100,000,000 a year or more as a private sector alternative to diplomatic security in Iraq.
The only reason why Waxman would need to know Blackwater's total
profits is if he was colluding with the trial lawyer who is suing the company. If he can get Blackwater to divulge its profits in dollar terms, he will will help the trial lawyers establish exactly how much they can hope to steal from Blackwater in a litigation maneuver.
The trial lawyers currently suing Blackwater include Daniel Callahan of Callahan & Blaine, terrorist attorney Michael Ratner of the Center for Constitutional Rights, and al Qaeda fundraising attorney Shereef Hadi Akeel of Akeel & Valentine.