Amazing--Home Depot Cuts Off

[Charles Jannuzi]

This might relate, since it shows just what a
pain in the butt it is to do business with the
federal government. What Home Depot wants to
avoid is becoming an official contractor to the
federal government. BTW, the big pigs are lining
up to feed at the homeland security budget of 37
billion dollars. Makes the Carlyle Group's moves
into airport security detection equipment seem
all the more brilliant, right!

Anyway, here's an interesting piece from Federal
Times excerpted here:

http://federaltimes.com/index.php?S=824284

Published: March 25, 2002

Bank To Back Out of Army Travel-Card Program
By DAN DAVIDSON

Burdened with tens of millions of dollars in
delinquent accounts by Army employees, the
nationfs largest consumer bank is backing out of
the Armyfs travel-card program. The Bank of
America last week informed the Army it would
cancel on March 25 all travel cards issued to the
Army. Then days later, on March 20, the bank
delayed the move, saying it would await a
decision by the General Services Administration
on how it can exit the program. That could take
two months.

Bank of Americafs imminent exit from the program
exemplifies the frustration of many over rampant
delinquencies that have plagued the governmentfs
credit-card program for military members. It also
has created serious headaches for the Army.

end of excerpt

CJ

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