UNREAL> “The legality of this In-license agreement is highly - TopicsExpress

UNREAL> “The legality of this In-license agreement is highly questionable. The PAL program stated that IHG would have to compete for business like everyone else, but Lend Lease could not raise sufficient funds in the private bond market; two top credit rating agencies rated the bonds as below investment grade because there was no guarantee that Soldiers would choose to stay at the private hotel on base over a hotel in town. Within weeks of this rating, and without notice to Congress or an official notice though Department of Defense contracting channels, an In-License Agreement between the Army and Lend lease was signed. This amounts to a guarantee of occupancy, and a monopoly, for Lend Lease and IHG.”://ereleases/pr/pal-exposed-reveals-nobid-defense-contract-wastes-billions-tax-dollars-benefit-foreign-corporations-94205

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