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To: syriacus

"Odd that COSCO gets to run a terminal, since COSCO is considered by Red China to be an arm of its military."

That was Clinton's doing, and it's the gift that keeps on giving ... prior to intervention by Clinton, it was not possible for a state-owned entity to lease a terminal. COSCO was often cited as precedent for the DP World deal, a sort of "well, looky looky at the Communists on the west coast, they're worse" attempt at justification, when in truth they shouldn't be there, either. There was a huge outcry at the time, and the inital deal was squelched. It would be interesting to see just when they snuck in the back door, and who was or is accountable for this, which could reasonably be described as a breach of the public trust.


29 posted on 03/10/2006 2:47:45 PM PST by RegulatorCountry
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To: RegulatorCountry
There was a huge outcry at the time, and the inital deal was squelched. It would be interesting to see just when they snuck in the back door, and who was or is accountable for this, which could reasonably be described as a breach of the public trust.

COSCO'S lease on the US Naval Base at Long Beach was invalidated by the Congress -- good thing, since they were involved in arms smuggling and the base was reportedly to be used for espionage purposes. When an area was vacated at the Port of Long Beach at a later date, COSCO were able to move in.

COSCO didn't have to sneak in order to get these goodies from Clinton---

  1. COSCO got guarantees for loans, from Clinton, for ships to be built in Mobile Alabama
  2. The Clinton Administration allowed COSCO's ships access to our most sensitive ports with one day's notice rather than the usual four

As Johnny Chung said: 'I see the White House is like a subway: You have to put in coins to open the gates,'

105 posted on 03/10/2006 5:13:55 PM PST by syriacus (The stench of hypocrisy hangs heavy. Beijing smugglers can run our terminals, but Dubai can't)
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