This is why President Morales is sitting on a foreign tarmac.

Financially failing Wall Street companies are handling National Security for the USA. This is all about political favors. This has nothing to do with Bolivia. This has everything to do with corruption within the USA government itself.

Providence will lose nearly a half billion US when and IF it finally sells this White Elephant from Carlyle.

July 2, 2013

Altegrity Inc, owned by private equity firm Providence Equity Partners, (click here) is looking to sell a division that provides background checks for private-sector employers and could fetch up to $1 billion, two people familiar with the matter said on Tuesday. 

A potential sale of the HireRight division comes at a tough time for Altegrity, as another of the latter's units, USIS, faces a U.S. government investigation over its 2011 background check into Edward Snowden, the National Security Agency leaker. 

Unlike USIS, which is the largest private provider of federal government background checks in the United States, HireRight focuses on private-sector employers and provides employee background checks, as well as drug and health screening for companies....

...Representatives for Providence Equity declined to comment. Altegrity did not immediately respond to requests for comment. Bank of America did not have immediate comment.

Altegrity, which Providence bought from Carlyle Group LP (>> Carlyle Group LP) and Welsh, Carson, Anderson & Stowe for $1.5 billion in 2007, also expanded its intelligence and security consulting business through its $1.13 billion acquisition of Kroll in 2010.

In April, Moody's Investor Service Inc downgraded Altegrity's debt deep into junk territory, warning that unless its revenue and earnings rebound significantly in the near term, its capital structure may be unsustainable.

Several private equity firms including Providence, KKR & Co LP (>> KKR & Co. L.P.) and General Atlantic LLC bought businesses in recent years on the assumption that areas such as cyber defense and intelligence remained relatively safe from government spending cuts....

The private equity firms are dumping the security companies for a reason. They would not do this without sound reason to do so.

Jules is the founder of Kroll, Inc., (click here) and the acknowledged creator of the modern investigations, intelligence and security industry. In 1972, he established Kroll Associates Inc. as a consultant to corporate purchasing departments, and in doing so, created the prototype for a new breed of professional services firm dedicated to mitigating risk. By employing former prosecutors, law enforcement officials, journalists and academics who used sophisticated fact finding techniques to address decision-makers’ needs for accurate information, Jules established investigations and risk consulting as valuable corporate services.
Kroll, Inc. reached annual sales of $1 billion in 2008 as part of Marsh & Mclennan which bought the company in 2004
He currently serves as Chairman of the John Jay College of Criminal Justice Foundation. He is a former member of the Board of Regents of Georgetown University and Board of Trustees of Cornell University and also served as the Chairman of the Georgetown Law Center Board of Visitors.

Kroll had a global reach. (click here) This is some of the hideously organized idea of national security of any country. There is no exclusive system for any given country. It is all homogenous. One company had all these countries tied up in handling security needs? It might be okay for Wall Street when they can't afford internal security departments, but, nations? This is incredibly stupid.