An Update from July

A big time federal contractor is having trouble making ends meet -- even after taking money from taxpayers and not delivering on the goods. BearingPoint, Inc announced it may not be able to report that it can stop accounting fraud. I told you back in July how the VA lost $427 million on a computer system BearingPoint set up for them. That contract alone resulted in delayed surgeries, a Congressional investigation, and five resignations. (WashPost)