We Like Foreign Oil, But Not Foreign Wool

This is wierd.

According to arkansasleader.com, "Bancroft Cap Co. in Cabot, the only company currently under contract with the Department of Defense to supply the U.S. military black berets, has dropped the hat and filed for Chapter 11 bankruptcy in federal court, forcing the Pentagon to look for a new domestic supplier. There may not be another U.S. company that can supply the military with 100 percent domestic materials, which was Bancroft’s downfall: It got caught mixing domestic and foreign wool and leather, which is in violation of U.S. law."

. . .

"Not listed among [Bancroft's] creditors is the Department of Defense, the company’s biggest customer, which alleges that Bancroft owes the government repayment for 340,000 black berets at about $4 each which were shipped before March 2006. Those berets were paid for and then later found to contain either foreign wool or leather and therefore unacceptable. Whether Bancroft concedes that its berets contained materials not produced in the U.S. is not known because repeated attempts to contact owner Barry Goldman have failed."

Surely the Pentagon has more important things to worry about.