Poindexter Bails Out of Pentagon Amid Controversy
By Will Dunham
WASHINGTON (Reuters) - John Poindexter, the Iran-Contra scandal figure who headed two criticized Pentagon (news - web sites) projects, including one that would have enabled investors to profit by predicting terrorist attacks, will quit his post within weeks, U.S. defense officials said on Thursday.
Poindexter, a retired U.S. Navy (news - web sites) admiral, "expects to, within a few weeks, offer his resignation," a senior defense official, speaking on condition of anonymity, told reporters.
Disclosure of his planned departure from the Defense Department came just two days after Defense Secretary Donald Rumsfeld terminated a Defense Advanced Research Projects Agency, or DARPA, project supervised by Poindexter for a potential futures trading market in predictions of assassinations, terrorism and other events in the Middle East.
The program was derided by Democrats and Republicans in Congress, some of whom called it "bizarre," "unbelievably stupid" and "offensive." Rumsfeld himself said he canceled the program "an hour after I read about it."
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