This is from another thread. It explains how we do have the ability to block these types of sales. The sale couldn't have gone through without our approval.
White House Defends Port Sale to Arab Co. - 02/16/2006
The sale to state-owned Dubai Ports World was "rigorously reviewed" by a U.S. committee that considers security threats when foreign companies seek to buy or invest in American industry, National Security Council spokesman Frederick Jones said.
The Committee on Foreign Investment in the United States, run by the Treasury Department, reviewed an assessment from U.S. intelligence agencies. The committee's 12 members agreed unanimously the sale did not present any problems, the department said.
Four senators and three House members asked the administration Thursday to reconsider its approval. The lawmakers contended the UAE is not consistent in its support of U.S. terrorism-fighting efforts.
The Homeland Security Department said it was legally impossible under the committee's rules to reconsider its approval without evidence DP World gave false information or withheld vital details from U.S. officials. The 30-day window for the committee to voice objections has ended.
snip
If security is truly in doubt, then we cancel these Port contracts, and open the bidding. THIS is the American way.
BTW, it sounds like this deal was vetted pretty deeply. Hopefully all of the facts will be aired publicly, and if needed, action can be taken utilizing contractual solutions .
We DO NOT have to do business with companies that are NOT in our best interests.
LLS
They've only turned down one offer in 1530. I'd say their track record stinks and they're more interested in money.
I can't tell you about the buyers' remorse I have for GWB right now.