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To: Reagan Man
Technical semantics aside. I've got news for you. If CFIUS said NO to the DPW/UAE deal, the deal would have been DOA. Period. CFIUS didn't do that and that is why we're having this discussion today. Fact is, CFIUS has approved something like 1530 out of 1531 deals since its creation back in the 1970`s. Can you say bureaucratic rubberstamp. LOL

And I have some news for you, you are wrong. The reason the CFIUS didn't say no was they reviewed the leases and security and found nothing wrong. In fact if you read the act you will find they can't say no unless they find something wrong. 1530 were approved because a carrier does there homework ahead of time and conforms to all regulation before submitting anything to CFIUS. It is a costly process and nothing is submitted until is thourghly examined by experts in the field. It is not rubber stamped. UAE and DP has been examined by federal security for years and much of the information is already known. The US knows full well how trade and security is conducted by DP for their ships. Most of DP shipping will be from and to other port terminals in other country. There is a manifest for anything being loaded on a ship before it is loaded and is sent to the US port authority. It is inspected by a customs official before and after it is sent to the US. We have inspectors in Dubai port terminals. And of the 1530 how many were airport terminals, land port terminals and seaport terminals. Leases for airport terminals change quickly because there's a airline going broke every month. Every time a airline stops or starts a service to a airport a terminal is brought or sold.

146 posted on 02/28/2006 3:36:51 PM PST by jec41 (Screaming Eagle)
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To: jec41
In fact if you read the act you will find they can't say no unless they find something wrong.

Good post.

Does anyone know if it was it a democrat or Republican congress that gave the Treasury Department the lead in CFIUS decisions?

150 posted on 02/28/2006 3:39:01 PM PST by Peach
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