Port puzzle links Secretary of the Treasury John Snow

Canada Free Press ^ | Wednesday, February 22, 2006 | Judi McLeod

[Anne_Conn]

President George W. Bush’s appointed U.S. Secretary of the Treasury John Snow has a direct link to Dubai Ports World, the state-owned company in the United Arab Emirates poised to take over shipping operations at six major U.S. seaports in early March.

Snow was chairman and chief executive officer of CSX Corporation when nominated by Bush to serve as U.S. Secretary of the Treasury on December 9, 2002.

On December 8, 2004 Dubai Ports International (Dubai Ports) purchased CSX for US$1.15-billion. The transaction, underwritten by Deutsche Bank, was expected to be completed in the first quarter of 2005.

[kaktuskid]

CSX Ports, not CSX (the railroad)...which is a publicly traded US company

[newgeezer]

On December 8, 2004 Dubai Ports International (Dubai Ports) purchased CSX for US$1.15-billion

Actually, I believe Dubai Ports purchased one part of CSX's business, that being their port business.

[wideawake]

In other words, the company Snow used to work for was sold two years after he left to a large multinational corporation and, what;s more, the large multinational corporation also buys other corporations besides Snow's!

That is unbelievably shocking. This is why private enterprise should be banned and anyone who ever worked for a private business should be permanently barred from ever holding public office.

[jdm]

"Senate Majority Leader Bill Frist of Tennessee plans to introduce legislation to put the plan on hold if the White House does not delay the takeover, saying the deal raised "serious questions regarding the safety and security of our homeland."

Good.

"The United Arab Emirates government is generally pro-U.S., but the September 11 hijackers traveled easily through the country, and Al-Qaeda-linked groups have used its banking system."

That's one hell of a "but" there, chief.

[CharlesWayneCT]

Actually, it was their INTERNATIONAL port business.

But this is how DP World grew so big, it bought out all sorts of companies. That's how it works. It is a global holding company, marginally "owned" by the UAE but run like any other business.

It has offices in countries were it runs ports, it employs the people who are already employed.

[jdm]

"Actually, I believe Dubai Ports purchased one part of CSX's business, that being their port business."

That makes sense. CSX has to be worth tons more than just $1.15B.

[newgeezer]

marginally "owned" by the UAE

Please define "marginally." All the reports I'm hearing would lead one to believe the company is controlled by the UAE gov't.

[plain talk]

Snow was chairman and chief executive officer of CSX Corporation when nominated by Bush to serve as U.S. Secretary of the Treasury on December 9, 2002.

On December 8, 2004 Dubai Ports International (Dubai Ports) purchased CSX for US$1.15-billion.

So what revelance is this?

[plain talk]

Not really. The 9/11 hijackers passed through THIS country also.

[Jackson57]

Makes people believe that President Bush is engaging in cronyism. Doesn't matter if it's true or relevant, just that it causes doubt. Much like Mike Moore causing doubt in Fahrenheit 911 and the Bush connection to Carlisle.

[MplsSteve]

Yes, you are correct.

I am a CSX shareholder and that is correct info.

[plain talk]

Right. I agree. Its propaganda for the ignorant and the stupid.

[Chickensoup]

I have always been under the impression that it may be Dubai's and UAE's oil money but it Palestinian professionals who keep the country running.

[RightWhale]

This is the story, if it is a story after all.

[itsahoot]

"Senate Majority Leader Bill Frist of Tennessee plans to introduce legislation to put the plan on hold if the White House does not delay the takeover

Nope, won't happen SinkSpur told us all last night that Congress has no say in the matter. -(•¿•)-

[operation clinton cleanup]

but the September 11 hijackers traveled easily through the country, and Al-Qaeda-linked groups have used its banking system."

They also traveled easily throughout the USA and used USA banks....