The Carlyle Group, the Bushes and bin Laden
The warnings about the Carlyle Group, the nation's 11th largest defense contractor, and the Bushes came long before the World Trade Center attacks. The Carlyle Group is a closely held corporation, exempt, for that reason, from reporting its affairs to the Securities and Exchange Commission. Little is known of what it actually does except that it buys and sells defense contractors. As of October 4, 2001, it has removed its corporate web site from the World Wide Web making further investigation through that channel impossible. Its Directors include Frank Carlucci, former Reagan Secretary of Defense; James Baker, former Bush Secretary of State; and Richard Darman, a former White House aide to Ronald Reagan and Republican Party operative.
On March 3, 2001, just weeks after George W Bushís inauguration, the conservative Washington lobbying group Judicial Watch issued a press release. It said:
"(Washington, D.C.) Judicial Watch, the public interest law firm that investigates and prosecutes government abuse and corruption, called on former President George Herbert Walker Bush to resign immediately from the Carlyle Group, a private investment firm, while his son President George W. Bush is in office. Today's New York Times reported that the elder Bush is an "ambassador" for the $12 billion private investment firm and last year traveled to the Middle East on its behalf. The former president also helped the firm in South Korea.
"The New York Times reported that as compensation, the elder Bush is allowed to buy a stake in the Carlyle Group's investments, which include ownership in at least 164 companies throughout the world (thereby by giving the current president an indirect benefit). James Baker, the former Secretary of State who served as President George W. Bush's point man in Florida's election dispute, is a partner in the firm. The firm also gave George W. Bush help in the early 1990's when it placed him on one of its subsidiary's board of directors.
"This is simply inappropriate. Former President Bush should immediately resign from the Carlyle Group because it is an obvious conflict of interest. Any foreign government or foreign investor trying to curry favor with the current Bush Administration is sure to throw business to the Carlyle Group. And with the former President Bush promoting the firm's investments abroad, foreign nationals could understandably confuse the Carlyle Group's interests with the interests of the United States government," stated Larry Klayman, Judicial Watch Chairman and General Counsel.
"Questions are now bound to be raised if the recent Bush Administration change in policy towards Iraq has the fingerprints of the Carlyle Group, which is trying to gain investments from other Arab countries who [sic] would presumably benefit from the new policy," stated Judicial Watch President Tom Fitton."
Judicial Watch noted that "even the Clinton Administration called on the Rodham brothers to stop their business dealings in [The former Soviet Republic of] Georgia because those dealings started to destabilize that country."
Since the WTC attacks the Wall Street Journal has reported (Sept. 28, 2001) that, "George H.W. Bush, the father of President Bush, works for the bin Laden family business in Saudi Arabia through the Carlyle Group, an international consulting firm." The senior Bush had met with the bin Laden family at least twice in the last three years - 1998 and 2000 -- as a representative of Carlyle, seeking to expand business dealings with one of the wealthiest Saudi families, which some experts argue, has never fully severed its ties with black sheep Osama in spite of current reports in a mainstream press that is afraid of offending the current administration.
The Nation, on March 27, 2000 - in a story co-authored by David Corn and Paul Lashmar - wrote, "In January former President George Bush and former British Prime Minister John Major paid a social call on Saudi Arabian Crown Prince AbdullahÖ" This story confirms at least one meeting between the elder Bush and Saudi leaders, including the bin Ladens. That the bin Ladens attended this meeting was confirmed in a subsequent September 27, 2001 Wall Street Journal (WSJ) story. The January 2000 meeting with the bin Ladens was also later confirmed by Bush (the elderís) Chief of Staff Jean Becker, only after the WSJ presented her with a thank you note sent by Bush to the bin Ladens after that meeting.
James Baker visited the bin Ladens in 1998 and 1999 with Carlyle CEO Frank Carlucci.
The WSJ story went on to note, "A Carlyle executive said that the bin Laden family committed $2 million through a London investment arm in 1995 in Carlyle Partners II Fund, which raised $1.3 billion overall. The fund has purchased several aerospace companies among 29 deals. So far, the family has received $1.3 million back in completed investments and should ultimately realize a 40% annualized rate of return, the Carlyle executive said.
"But a foreign financier with ties to the bin Laden family says the familyís overall investment with Carlyle is considerably largerÖ"
In other words, Osama bin Ladenís attacks on the WTC and Pentagon, with the resulting massive increase in the U.S. defense budget have just made his family a great big pile of money.
More Bush connections appear in relation to the bin Ladens. The WSJ story also notes that, "During the past several years, the [bin Laden] familyís close ties to the Saudi royal family prompted executives and staff from closely held New York publisher Forbes, Inc. to make two trips to the family headquarters, according to Forbes Chairman Caspar Weinberger, a former U.S. Secretary of Defense in the Reagan administration. ëWe would call on them to get their view of the country and what would be of interest to investors.í"
President G.H.W. Bush pardoned Weinberger for his criminal conduct in the Iran-Contra scandal in 1989.
Our current President, George W. Bush has also had -- at minimum -- indirect dealings with Carlyle and the bin Ladens. In 1976 his firm Arbusto Energy was funded with $50,000 from Texas investment banker James R. Bath who was also the U.S. investment counselor for the bin Laden family. In his watershed 1992 book, "The Mafia, The CIA and George Bush," award winning Texas investigative journalist Pete Brewton dug deeply into Bathís background, revealing connections with the CIA and major fraudulent activities connected with the Savings & Loan scandal that took $500 billion out of the pockets of American taxpayers. A long-time friend of George W. Bush, Bath was connected to a number of covert financing operations in the Iran-Contra scandal, which also linked to bin Laden friend Adnan Khashoggi. One of the richest men in the world, Khashoggi was the arms merchant at the center of the whole Iran-Contra scandal. Khashoggi, whose connections to the bin Ladens is more than superficial, got his first business break by acting as middle-man for a large truck purchase by Osama bin Ladenís older brother, Salem.
Another key player in the Bush Administration, Deputy Secretary of Defense Richard Armitage, left his post as an Assistant Secretary of Defense in the Reagan Administration after a series of scandals connected to CIA operatives Ed Wilson, Ted Shackley, Richard Secord and Tom Clines placed him at the brink of criminal indictment and jail. Shackley and Secord are veterans of Vietnam operations and have long been linked to opium/heroin smuggling. The Armitage scandals all focused on the illegal provision of weapons and war materiel to potential or actual enemies of the U.S. and to the Contras in Central America. |
