LIVE THREAD: Senate Hearing: Briefing on Ports Deal (11:00 a.m. EST)

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[Sweetjustusnow]

Yup. Lets all just sit and wait for the bomb to go off. Selling America to Muslims is very, very important....NOT

[Sweetjustusnow]

"folks specializing in Islamic finance"

This deal has got to be stopped! Get busy people and write, telephone, etc. your Rep's.

[atlaw]

Affiliated Terminals? (smacks himself in the forehead)

That should have been Associated Terminals, which operates on the Mississippi and at the Port of South Louisiana (principally).

Affiliated -- Associated -- they kind of run together in the brain, and the fingers.

[clawrence3]

Assuming that "Associated Terminals" is 100% American owned, that along with SSA Marine, makes TWO - you really think they can raise $7 billion and run P&O - why didn't they bid then?

[clawrence3]

I disagree this deal has to be stopped - I can easily make the argument this IMPROVES national security and stopping it will spark a global trade war - maybe that's what some FReepers want, but not me.

[atlaw]

Huh? What are you talking about? As I've said before, P&O sold its worldwide operations for $6.8 billion. It was not offering its North American assets as a separate package, and its North American assets are only a fraction of its total assets. And your conclusion that there are only two North American companies with sufficiently significant maritime assets or capabilities to operate P&O's North American terminal holdings is ludicrous.

[atlaw]

I can easily make the argument this IMPROVES national security

So, make the argument --

[clawrence3]

Exactly - no U.S. owned company bid for what was available - if you are aware of any company that could run just the U.S. terminal operations, then let me know.

[clawrence3]

Over 825 posts on this very thread have included plenty of cites to why specific security improvements - did you also see the thread on the COO of DWP discussing this, not to mention how this deal was getting Dubai to cooperate even more in the WoT - I will have to see if I can find my hypothetical above re: global trade war sparked by other countries kicking out U.S. companies in retaliation.