PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (408304)	5/21/2003 6:50:49 PM
From: Raymond Duray	Read Replies (2) of 769670

SOROS TO MONITOR BUSH'S OIL SCHEMES IN IRAQ reuters.com Soros Watchdog to Monitor U.S. Use of Iraqi Oil Tue May 20, 2003 09:23 PM ET By Irwin Arieff UNITED NATIONS (Reuters) - Billionaire investor and philanthropist George Soros said on Tuesday he was setting up a watchdog group to guard against any abuses in how the United States manages Iraq's oil resources while it occupies Baghdad. Soros, at a news conference at U.N. headquarters, also said he hoped Iraq would not repay all its foreign debt stemming from Saddam Hussein's years in power, in order -- he said -- to discourage the practice of lending money to dictators. "I personally would favor not paying in full the debts incurred by the Saddam Hussein regime," Soros said. "I think that would send a very healthy signal to the financial markets and others that extending credit to dictatorships is not without risk." Citing reports that a handful of U.S. corporations were winning huge reconstruction contracts from Washington without competitive bidding, Soros said many people around the world feared the United States might abuse its authority while it and close ally Britain occupied post-war Iraq. "It is very much in the interest of the United States to allay these fears, and we want to help," he said. <Continues...........> ********** A not so subtle slap in the face for the duplicitous Mr. Bush.....

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