Here's what else stinks about the Dubai Port World takeover

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Cunning Realist:

The deal for the port takeover was cleared by the U.S. Committee on Foreign Investment in the United States (CFIUS). This group meets in secret and is headed by Treasury Secretary John Snow. As I noted in a previous post, DP World purchased part of the U.S. company CSX for over $1 billion in 2004. Before he became Treasury Secretary, John Snow was Chairman and CEO of CSX.

While he had left CSX by the time that deal closed, there is no way Snow should have presided over secret deliberations about any DP World transaction---much less one that involves national security. It's beyond belief that he did not recuse himself from this transaction given the sensitivity of the issues involved.

If you're wondering why Bush did this deal, this is part of it. It's just another example of corruption and cronyism at the highest levels of government.