Posted on 09/20/2007 7:07:11 PM PDT by biscuit jane
4:14 p.m. Eastern
By Jerome R. Corsi © 2007 WorldNetDaily.com
In a complex set of transactions, Dubai is moving to acquire 19.9 percent of the Nasdaq in New York, placing the Arab government in an ownership position of the key U.S. stock exchange and raising concerns in Congress.
As a result of the transaction, Dubai also will acquire 28 percent of the London Stock Exchange, one of the oldest and largest in the world.
The transaction is being made through Borse Dubai, a holding company 100-percent owned by the government of the Emirate of Dubai and controlled by Mohammed bin Rashid al-Maktoum, the head of the Dubai ruling family.
According to its website, Borse Dubai was created Aug. 6 as the holding company for Dubai Financial Market and Dubai International Financial Exchange in a move to consolidate the Dubai government's two stock exchanges "as well as current investments in other exchanges, expanding Dubai's position as a global capital market hub."
The announcement set off a firestorm of criticism in Washington, prompting President Bush to comment today in a news conference, "We're going to take a good look at it, as to whether or not it has any national security implications involved in the transaction. I'm comfortable with the process to go forward."
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(Excerpt) Read more at wnd.com ...
Yep, and all you racist xenophobic, neandrathals had better get used to it. We elites don’t like it when you get uppity and worry about things like security or culture.
But who ya gonna vote for, the dems?
/sarc
We desperately need a pro- American citizen party. Neither one of these two fit that bill by a wide margin.
Looks like we have to pay the Infidel Tax one way or the other.
Does that mean “Junior” will have get another new number?
Just jokin’ but the first time I did read it as NASCAR instead of NASDAQ.
How about we bring back the Federalist Party?
“raising concerns in Congress’
Congressman Jennette?
No, we need to sell more debt to our mortal and sworn enemies (China and Saudi).
Said it before and I’ll say it again. Go solar, go nuclear, go wind, go coal, go biofuel, go drill in every place you can, America. Energy independence, or we will die at the hands of our bitter enemies who own us and can starve us.
Our government, including “our” party, refuses to acknowledge the threat, and will gleefully hold hands and make sweetheart deals with those who would enslave us. Traitors.
LOL ! Ya NASCAR might be next !!
WOndering what kind of control/influence does an “owner” of NASDAQ have ?? Seems ominous, but I don’t know how that whole smoke-and-mirrors entity operates...
???
Interesting. Bourse Dubai is the main competitor with NASDAQ in a bidding competition to acquire the holding company that owns all of the stock exchanges in Scandinavia and the Baltics (except the main Norwegian exchange in which it, the holding company, has a 10% stake). Of course they can outbid NASDAQ because they have the assets of the royal family of Dubai behind them, but each side has to convince the regulatory agencies in all of the countries involved that they are a suitable buyer for the exchange in that country. (My brother happens to be in charge of that aspect of the acquisition on the NASDAQ side.) It seems Sweden at least has its doubts about Bourse Dubai.
Just in case you’re confused, NASDAQ is now a stock market, same as the New York Stock Exchange.
Control/influence? Same as a stockholder with the corresponding share in any other corporation—meaning precious little unless one can muster enough shares owned by likeminded shareholders to change the management or force new policies on the existing management (which sadly happens very little any more).
most here will miss the very point of this article
this is about as great a news story as most will read this year and a fact in your face that gettin Saddam dead
was neccessary for a zillion reasons......
Start by asking this..........the Dubai money
a)couldn’t they always have made this move ? The money was there,the future of the money was there
b) Dubai ? Yep,the capitalist good Arabs
The MGM / Mirage last week was sold to one of the Royal Familys of Dubai...........
Tiger Woods is building his 1st self designed courses in Dubai.
Now study your middle east map and see how the whole of the land is less scary and when we open our can o whup ass on Syria and Iran,look again at the middle east map.......
No, the Royal Familys of Dubai see safety in the reagon enuf to invest billions, no trillions, in markets,gaming
and real estate......because Dubya spoke and Dubai heard.
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