[RRE]Summary: Carlyle Group and Bush Administration

From: Phil Agre (pagreat_private)
Date: Sat Nov 10 2001 - 11:56:42 PST

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    [I hate conspiracy theories, but the saga of the Bush and bin Laden
    families' relationship through the Carlyle Group is fascinating
    and largely undisputed.  The enclosed chronology comes from a
    reporter who asked to be anonymous for spam-prevention purposes.
    I don't endorse the wilder conclusions that people have drawn from
    the story, and I don't mean to lend plausibility to them.  It's
    just that the public facts are interesting enough in themselves.
    I have reformatted this message but haven't otherwise altered it.]
    
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    Date: Sat, 10 Nov 2001 11:37:42 -0800
    From: << a reporter who doesn't want to get spam>>
    Subject: Summary: Carlyle Group and Bush Administration
    
    Here's a chronology of the Carlyle Group stories.  To ward off
    unwanted spam, please delete my address before forwarding.
    
    		~~~~~~~~~~~~~~~~~~~~~~~~~~
    
    Back in January when the administration was new, the Washington
    Monthly noted (2nd last item)the Bush family business:
    http://www.washingtonmonthly.com/tilting/2001/0104.tilting.html
    
    The NYT ran a front-page photo of former President Bush with Saudi
    King Fahd on a trip to Saudi Arabia as part of his work for the
    Carlyle Group.  The ice-breaking story by Leslie Wayne quoted Charles
    Lewis: "In a really peculiar way, George W. Bush could, some day,
    benefit financially from his own administration's decisions, through
    his father's investments.  The average American doesn't know that and,
    to me, that's a jaw-dropper."
    http://www.nytimes.com/2001/03/05/politics/05CARL.html
    
    Judicial Watch commented that the senior Bush's association with the
    Carlyle Group was a "conflict of interest (which) could cause problems
    for America's foreign policy in Middle East and Asia".  Judicial Watch
    called on the President's father to resign.
    
    Without saying 'revolving door, it was noted that the former FCC chair
    was joining the telecom and media section at Carlyle:
    http://www.nytimes.com/2001/05/02/business/02KENN.html
    
    On May 7, European Venture Capital Journal identified the Carlyle
    Group as heavy hitters with "an all-star roster of professionals
    (that) just got stronger":
    http://www.evcj.com/evcj/ZZZW91V8LKC.html
    
    On May 13 when another conservative world leader cashed in his chips
    and traded on his former government insider status and knowledge of
    the regulatory system, the BBC ran a story headlined: Major to chair
    private equity house
    
    The London Times followed on May 26, noting that "The employment of
    Bush Sr has attracted attention, mainly because his son is ultimately
    responsible for awarding US arms contracts":
    http://www.thetimes.co.uk/article/0,,37-2001180089,00.html
    
    In late September The Wall Street Journal touched on salient
    aspects of the story last month by highlighting the bin Laden family
    investments in the Carlyle Group, then dropped it like a hot 'tater.
    "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
    
    After the WSJ story, Judicial Watch spokesman Larry Klayman posted
    a release uppping the ante.  He was again ignored by the mainstream
    when he said, "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."
    
    A down under paper picked it up: Plus ca change, plus c'est la meme
    chose.
    http://www.theage.com.au/news/state/2001/10/28/FFX262DBATC.html
    
    The confluence of Bush and bin Laden family interests was noted
    briefly in the last item at:
    http://www.washingtonmonthly.com/features/2001/0111.whoswho.html
    
    Along with others in the world press, India and Pakistani newspapers
    have either either reported or copied aspects of the perceived
    conflicts:
    http://www.hindustantimes.com/nonfram/280901/dLAME27.asp
    http://news.indiatimes.com/articleshow.asp?art_id=1197180992
    
    There's been a little but not much editorial comment:
    http://baltimorechronicle.com/media3_oct01.shtml
    and indignation at the Center for Public Integrity, which was then
    strangely attacked by a Washington Post columnist.
    http://www.public-i.org/story_01_103100.htm
    http://www.public-i.org/commentary_01_042001.htm
    http://www.public-i.org/story_01_021201.htm
    Charles Lewis of the Center for Public Integrity discusses the
    revolving door of the Carlyle Group.
    (audio, Democracy, Now!, Pacifica Radio, March 6)
    
    The WSJ story had legs.  For a few weeks in October, the mainstream,
    including LAT and the Chicago Tribune among others, turned up the heat
    on Saudi Arabia, so much so that President Bush felt compelled to call
    the Saudi Prince to thank him for "cooperating" with the investigation
    to find the perpetrators of the attacks on the Pentagon and Twin
    Towers.
    
    On October 25, the NY Times' Elaine Sciolino and Neil MacFarquhar told
    of the delicate dance: Naming of Hijackers as Saudis May Further Erode
    Ties to U.S. The story ran with a photograph of Saudi foreign minister
    Prince Saud al-Faisal with President Bush in the Oval Office, noting
    that "the Saudis value such personal contacts highly".
    
    The engine at govexec.com presents and searches tables that sort
    and order defense contractors.  Among many tables that establish
    the Carlyle Group as the 11th and sometimes 12th leading defense
    contractor, depending on which branch of the armed forces is the
    purchasing agent, there's one table that establishes President Bush's
    family business as the 12th largest missile defense contractor:
    http://www.govexec.com/top200/01top/catmissiles.htm
    But only 32nd in defense contracting of electronics and communications:
    http://www.govexec.com/top200/01top/catelectronic.htm
    
    The defense angle was covered by Defense News in August:
    http://www.veritascapital.com/view_news.asp?ID=14
    
    After 9 11, the Carlyle Group pulled the plug on its Web pages, which
    are still visible in Google's cache but won't be for a lot longer.
    Bush AND "Carlyle Group" is one possible search term.
    
    Some U.S. editors are ignoring or downplaying the story while the U.K.
    and other international press are interested.  A topical example from
    a recent week:
    
    A buried one liner in a U.S. newspaper notes with no elaboration the
    revolving door relationship between the administration and the Carlyle
    Group:
    http://www.washingtonpost.com/wp-dyn/articles/A14990-2001Oct30.html
    
    Forty-five days after the dive-bombing at the Twin Towers, another
    buried one liner confides that the bin Laden family will no longer
    be doing business with the Bush family within the Carlyle Group:
    http://www.washingtonpost.com/wp-dyn/articles/A59924-2001Oct26.html
    
    Part of the larger picture is explored at The Ex-President's Club at:
    http://www.guardian.co.uk/wtccrash/story/0,1300,583869,00.html
    
    If this Guardian story is true, then there was not, as was widely
    reported, a massive U.S. intelligence failure leading to 9 11.
    http://www.guardian.co.uk/Archive/Article/0,4273,4293682,00.html
    
    Sydney Morning rewrote the above story, crediting the BBC:
    Before 9 11, Bush told agents to back off bin Ladin family
    http://www.smh.com.au/news/0111/07/world/world100.html
    



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