jennifer5
11.03.06, 05:24
Bush's connections to Dubai. Bush's brother Neil has reportedly gotten
funding for his software company from Dubai. Halliburton has a subsidiary in
Dubai that reportedly supplied technology to Iran. One of the top executives
of the company that wants to buy control of the ports, David Sanborn, was
nominated by President Bush to become the head of the Maritime Administration.
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The oil-rich United Arab Emirates is a major investor in The Carlyle Group,
the private equity investment firm where President Bush's father once served
as senior adviser and is a who's who of former high-level government
officials. Just last year, Dubai International Capital, a government-backed
buyout firm, invested in an $8 billion Carlyle fund.
Another family connection, the president's brother, Neil Bush, has reportedly
received funding for his educational software company from the UAE investors.
A call to his company was not returned.
Then there is the cabinet connection. Treasury Secretary John Snow was
chairman of railroad company CSX/. After he left the company for the White
House, CSX sold its international port operations to Dubai Ports World for
more than a billion dollars.
In Connecticut today, Snow told reporters he had no knowledge of that CSX
sale. "I learned of this transaction probably the same way members of the
Senate did, by reading about it in the newspapers."
Another administration connection, President Bush chose a Dubai Ports World
executive to head the U.S. Maritime Administration. David Sanborn, the former
director of Dubai Ports' European and Latin American operations, he was
tapped just last month to lead the agency that oversees U.S. port
operations."