DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> PELICANPOST.BLOGSPOT.COM: Just who's coming up with the multi-billions of $$$ to finance UAE purchase of management of 6 more American ports.... bringing the total to 21....??

Monday, February 27, 2006

Just who's coming up with the multi-billions of $$$ to finance UAE purchase of management of 6 more American ports.... bringing the total to 21....??

Folks, here is a must read column in today's news, "Gaffney: Who Is Financing Ports Deal?" Seems that the more we learn about this secretive ports management deal, it just gets curioser and curioser. Uncomfortably so.

Now we must wonder where all the billions of $$$ are coming from to finance this mega-deal, what are those billions buying, and what nefarious strings will be attached to its operation and access---all more than just passing concerning. As is the still-mysterious identity of the power-brokers involved in pulling the whole thing off, while pulling the wool over the American people's eyes.

Sooooo....., let's have a little government in the sunshine here. And how about a new federal Sunshine Law to keep such under-the-radar critical deals from being made anywhere but in the full light of day---spotlights, disclosures, warts and all....!

More below and here.
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"Although beleaguered Dubai Ports World has agreed not to exercise management over U.S. ports pending further discussions with Washington, one national security expert told NewsMax that as key questions are raised and answered, the deal will likely be scuttled....

Among the key questions being asked by Frank Gaffney is where the billions of dollars needed to close the transaction for DP World will come from.

"DPW has got to raise between $6.5 billion and $6.8 billion on the capital markets to finance the deal. When investors put up that kind of money, there's bound to be some quid pro quo. Likely included, for instance, would be a demand to have more involvement in the affairs of the company. Where exactly is this money coming from – Iran, Saudi Arabia? When you factor this in, it compounds an already worrisome potential...."

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