WALL STREET JOURNAL: BUSH SR. IN BUSINESS WITH BIN LADEN FAMILY CONGLOMERATE THROUGH CARLYLE GROUP

Judicial Watch ^ | September 30, 2001 | staff

[liberallarry]

WALL STREET JOURNAL: BUSH SR. IN BUSINESS WITH BIN LADEN FAMILY CONGLOMERATE THROUGH CARLYLE GROUP

FAMILY HAD RENOUNCED TIES TO TERRORIST SON BUT FAMILY STILL UNDER FBI INVESTIGATION

FATHER OF PRESIDENT SHOULD PULL OUT OF INTERNATIONAL CONSULTING FIRM

(Washington, DC) Judicial Watch, the public interest law firm that investigates and prosecutes government corruption and abuse, reacted with disbelief to The Wall Street Journal report of yesterday that George H.W. Bush, the father of President Bush, works for the bin Laden family business in Saudi Arabia through the Carlyle Group, an international consulting firm. The senior Bush had met with the bin Laden family at least twice. (Other top Republicans are also associated with the Carlyle group, such as former Secretary of State James A. Baker.) The terrorist leader Osama bin Laden had supposedly been “disowned” by his family, which runs a multi-billion dollar business in Saudi Arabia and is a major investor in the senior Bush’s firm. Other reports have questioned, though, whether members of his Saudi family have truly cut off Osama bin Laden. Indeed, the Journal also reported yesterday that the FBI has subpoenaed the bin Laden family business’s bank records.

Judicial Watch earlier this year had strongly criticized President Bush’s father’s association with the Carlyle Group, pointing out in a March 5 statement that it was a “conflict of interest (which) could cause problems for America’s foreign policy in Middle East and Asia.” Judicial Watch called for the senior Bush to resign from the firm then.

“This conflict of interest has now turned into a scandal. The idea of the President’s father, an ex-president himself, doing business with a company under investigation by the FBI in the terror attacks of September 11 is horrible. President Bush should not ask, but demand, that his father pull out of the Carlyle Group,” stated Judicial Watch Chairman and General Counsel Larry Klayman.

“This has the potential of making ‘Billygate’ (Jimmy Carter’s brother’s dealings with Libya) look like small potatoes,” added Judicial Watch President Tom Fitton.

See "Bin Laden Family Could Profit From a Jump In Defense Spending Due to Ties to U.S. Bank," by Daniel Golden, James Bandler, and Marcus Walker, The Wall Street Journal, 9/28/01 (www.wsj.com, subscription required).

[sharktrager]

No, with his next breath he'll either ask for money or plug an upcoming TV appearance (where he'll ask for money).

[deport]

........I couldn't get the dang thing to post! ......

Yep having some trouble myself this morning with the server timing out..... I just keep trying and it finally completes the preview.....

[Jorge]

YAAAWWWNNNN!

Osama was disowned and had his Saudi citizenship revoked years ago.

[Irma]

Gawd.....AGAIN?

[BunnySlippers]

I agree wholeheartedly. Also, the bin Laden family is not the same as Osama bin Laden ... most of them live in Switzerland and throughout Europe and (until recently) the US.

[Howlin]

They never give up.

[liberallarry]

Search Search Help Set Default Site Search Company Ticker Co. Keyword People News IPOs Quotes SEC Filings for Advanced Search (See Sample) Lead Finder Sector: Financial Services > Industry: Financial Services - Investment Firms

The Carlyle Group Available only to Hoover's Online subscribers. See Samples. 1001 Pennsylvania Ave. NW, Ste. 220 South Washington, DC 20004-2505 (Map) Phone: 202-347-2626 Fax: 202-347-1818 http://www.thecarlylegroup.com Subsidiary Locations

Corporate Hierarchy With former US Defense Secretary Frank Carlucci as its chairman, it's no surprise that The Carlyle Group is drawn to defense. Defense and aerospace firms such as United Defense Industries make up a significant share of the world's largest private equity firm's portfolio.

Also represented are information technology (Federal Data), health care, real estate, and bottling companies.

Since Carlucci joined in 1989, a host of staffers from the Reagan and first Bush administrations have stinted at the company, including ex-Secretary of State James Baker and ex-budget chief Richard Darman. Former President Bush and former UK Prime Minister John Major have also made appearances.

Subsidiaries/Affiliates Covered By Hoover's Online Dr Pepper/Seven Up Bottling Group, Inc. Empi, Inc. United Defense Industries, Inc. United States Marine Repair Top Competitors Goldman Sachs | Hicks, Muse | KKR

More Competitors Exclusive information for subscribers Buy Reports The eInvesting Report (eMarketer, Inc., Nov 01, 2000, Business Reports) Products & Operations By Segment Exclusive information for subscribers Need more information about Carlyle Group? Subscribe now and access Hoover's Company Profiles for an overview, history, full lists of competitors and key people, financials, and more. Show me Sample Profiles. News & Commentary Hoover's News Current Stories Mentioning Carlyle Group (powered by NewsEdge) Publication and Journal Search Search thousands of sources (Exclusive information for business subscribers) Hoover's Selected Stories The Out-Of-Towners (The Daily Deal, June 26, 2001) Exec's Boasts Cost Him Job (The Dallas Morning News, May 22, 2001) Former F.C.C. Chief Joins Investment Firm (The New York Times, May 2, 2001, Registration required) Carlyle To Launch E500m European Real Estate Fund (Financial Times, April 5, 2001) More Selected Stories... Company Press Releases Find Related Companies Hoover's Online subscribers can find more companies in this region. Contact Lists/Sales Leads Data On The Go Hoover's Wireless Download to PDA E-mail this Capsule Key Numbers Company Type: Private Download FORTUNE Lists Fiscal Year-End:

December 2000 Employees: 150 (est.) Key People Chairman and Managing Director Frank C. Carlucci Managing Director and CEO; CEO, Carlyle Management Group B. Edward Ewing Managing Director John F. Harris

More Key People Key Resources For Sales & Marketing Professionals Build Contact Lists With Hoover's Lead Finder FORTUNE 500 Sales Leads Get Sales Leads from TrueAdvantage Broadcast Information Via E-mail, Fax, or Voice through NikoNET Set up a Reservationless Conference Call through NikoNET For Researchers Patents Buy D&B Business Reports Buy Experian Business Profiles Search the Dow Jones Publications Library Buy & Download Digital Reports Company Web Sites For Subsidiaries/Divisions/

Affiliates Carlyle Arabia Carlyle Asia Partners, L.P. Carlyle Asia Venture Partners I Carlyle Europe Partners, L.P. Carlyle High Yield Partners, L.P. Carlyle Internet Partners Europe Carlyle Partners II, L.P. Carlyle Partners Leveraged Capital Fund I, L.P. Carlyle Realty Partners Carlyle Venture Partners For Job Seekers HR Contact: Mori Sabet

[antivenom]

Why even post this crap...he has no crediblilty.

[TrueBeliever9]

liberallarry - nough said!

[Howlin]

Among its far-flung business interests, the well-heeled Saudi Arabian clan -- which says it is estranged from Osama -- is an investor in a fund established by Carlyle Group, a well-connected Washington merchant bank specializing in buyouts of defense and aerospace companies.

You have it backwards, once again. THEY invested in The Carlyle Group, not the other way around.

But, then, that doesn't further YOUR agenda, does it?

[Balding_Eagle]

I for one am tired of guys like LiberalLarry mucking up the board with their brand of tripe. No problem with this article being posted, but as you say, it's already been discussed and discredited to death.

It's JRs site of course, but I am proposing a group of FreeRepublic regulars who would vote on whether or not posters like LiberalLarry and others stay or go.

They aren't here to discuss, but rather to disrupt, they add little or nothing to any thread. (I myself add little to the threads, being a lurker for the most part, but I have the good sense to stay out of the way of a good discussion)

There may already be a system in place to deal with the Larry's,. if there is, good, but I'd like a more aggressive approach. FreeRepublic would be a better place without the Larry's.

[rdavis84]

"There is no indication President George W. Bush has met any of the bin Ladens, but he was indirectly linked to one of them two decades ago"

GW Bush, maybe, maybe not. But daddy Bush, here you go ----

"A U.S. inquiry into bin Laden family business dealings could brush against some big names associated with the U.S. government. Former President Bush said through his chief of staff, Jean Becker, that he recalled only one meeting with the bin Laden family, which took place in November1998. (OOPS) Ms. Becker confirmed that there was a second meeting in January 2000, after being read the ex-president's subsequent thank-you note. "President Bush does not have a relationship with the bin Laden family," says Ms. Becker. "He's met them twice." (Think real hard now, maybe once, twice more?)

Yeah, Right.

"Through this investment and its ties to Saudi royalty, the bin Laden family has become acquainted with some of the biggest names in the Republican Party. In recent years, former President Bush, ex-Secretary of State James Baker and ex-Secretary of Defense Frank Carlucci have made the pilgrimage to the bin Laden family's headquarters in Jeddah, Saudi Arabia. Mr. Bush makes speeches on behalf of Carlyle Group and is senior adviser to its Asian Partners fund, while Mr. Baker is its senior counselor. Mr. Carlucci is the group's chairman."

All of the players guys, name ALL of the Players ---

This comes from an article, "Bush's Choice of EPA Advisers Signals Tilt Toward Industry" - "An Investigative Report of the Center for Public Integrity", -----

"Bob Grady, a bureaucrat-turned-venture capitalist, started out working at the gubernatorial and congressional level, became the chief speechwriter and senior adviser for the 1988 Bush-Quayle campaign, and then served in that administration's Office of Management and Budget. He now counts himself among the heavy hitters at the Carlyle Group, where he is a partner and managing director in venture capital. (Carlyle is headed by former Defense Secretary Frank Carlucci, who has recruited several ex-Reagan and Bush staffers, including former Secretary of State James Baker and past budget chief Richard Darman. Billionaire financier George Soros and members of the Mellon family are also partners.)

Now, how many other Carlyle folks does jr. asscociate with?

[rdavis84]

BTW, why DID you try to change to explicit CONTENT of the headline to appear to mean Jr. Bush?

[liberallarry]

Thanks for that post. I had to go through Judicial Watch because I don't have a WSJ subsciption.

[Howlin]

So what? Bush is involved in a group that bin Laden's businesses INVESTED in......not the other way around.

You and Larry love to make accusations of wrongdoing, but you have YET to produce ONE IOTA of evidence that any of these parties have done anything wrong other than maybe being in the same room with each other.

You just assume everybody is "dirty." But, of course, since Larry is running a scam, he'd think that everybody else is, too.

[Howlin]

Larry is LYING.

[liberallarry]

Could you elaborate? Who are the other two (besides Osama)? What else is known about them?

[liberallarry]

Too true.

[liberallarry]

That's an interesting question.

Stratfor just posted an analysis saying that our Cold War strategy favoring Israel is outdated, that new geopolitical realities force us to move toward the Arabs, and that this was realized several years ago.

One then has to look at our government's relationship with Abdurrahman Alamoudi, and others like him, in a new light.

[liberallarry]

Thanks for posting it in its entirety. As I said in a previous post, I didn't have access to it.