Bush Family Ties to the UAE
Lou Dobbs took a look at the family ties between the two.
(Transcripts)
http://transcripts.cnn.com/TRANSCRIPTS/0602/22/ldt.01.html DOBBS: President Bush's family and members of the Bush administration
have long-standing business connections with the United Arab Emirates,
and those connections are raising new concerns and questions tonight
in some quarters about why the president is defying his very own party
leadership and his party in defending the Dubai port deal.
CHRISTINE ROMANS: 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.
http://www.crooksandliars.com/2006/02/23.html#a7266
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