Last month, I considered whether Defense Secretary Pete Hegseth used what he knew about the imminence of the Iran war to expand his stock portfolio with a little blood money (“ Is Pete Hegseth Killing Iranians To Get Rich?” ). That was the thrust of a shocking Financial Times report , based on three anonymous sources, that said Hegseth’s Morgan Stanley broker approached Black Rock in February about making a “multimillion-dollar investment in the asset manager’s Defense Industrials Active ETF.”