Gulf States Buy 20% of NASDAQ - That's NOT OK

Submitted by Sofa Sogood (United States), Sep 22, 2007 at 12:57

Here's something that's avoiding the "Crash Course." There's hardly any public awareness of this.

Public outrage stopped the purchase by Dubai of our ports.

Now, Gulf States are acquiring 20% of NASDAQ. Making money is not the primary goal for Islamists -- and we can't discern easily which investors are ordinary Moslem businessmen and which are Islamists. Wouldn't Islamists be willing to take huge financial losses if it meant bringing our economy down? What about just the threat of it? They've bought up our Middle East Studies departments at Universities. What else of vital importance to our country are we willing to sell them?

When are our leaders going to admit that these countries are not benign financial investors? While they may ally themselves with us for various purposes at times, they are not our "friends." If not at the moment outright "enemies" they are at the very least adversaries. Why don't they instead invest in their own Universities and develop industries in their own countries? It's absurd to "trust" their motives.

In the 4th paragraph of Bloomberg.com Worldwide (financial) ... "They are not just putting their money in bank deposits and government bonds any more ... They are after strategic assets."

http://www.bloomberg.com/apps/news?pid=20601087&sid=alL94pj_Vq4c&refer=home

http://adamholland.blogspot.com/2007/09/persian-gulf-states-acquire-strategic.html

http://www.solomonia.com/blog/archive/2007/09/persian-gulf-states-acquire-strategic-as/

Excerpted from the above sites:

Nancy Pelosi said, Dubai's Nasdaq deal is "a different issue from the port ... that was a security issue. This is a marketplace issue."

The accord didn't raise "any alarm," said Massachusetts Democrat Barney Frank, chairman of the House Financial Services Committee. "There was a physical security element" in the port deal, he said.

President George W. Bush and some lawmakers, including Senator Charles Schumer, said the agreement still must be scrutinized. "We're going to take a good look at it, as to whether or not it has any national security implications involved in the transaction," Bush told reporters.

Talk about step-by-step! This is a very casual response from our "leaders" to what could have unbelievably negative consequences. Henny Penny may have been wrong, but looks to me like The Sky Really is Falling. Where is our Press?

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