$7 billion/Carlyle
Tim Shorrock
tshorrock51 at hotmail.com
Sat May 4 10:27:34 PDT 2002
I guess the latest news with Carlyle's defense subsidiary UDI shows that
Carlucci & gang are not all-powerful, despite Carlucci's lifelong friendship
with Rumsfeld, his old Princeton pal. But hey its business. Carlyle decided
on the Crusader IPO in the weeks after 9-11, knowing full well that defense
stocks would go up. Since the IPO in December, Carlyle has sold most of its
stock (last I checked they held 48%), reaping hundreds of millions of
dollars for their coffers. That was when it looked like the Crusader would
be funded. Now that it might get the axe, Carlyle has made its money and is
moving on to other things - like shedding its holdings in Le Figaro and
buying up some of the media business of Vivendi. And of course, there's the
new possibility of selling arms to Taiwan, a policy helped along in March
when Carlucci and UDI got Taiwan's Defense chief together with Paul
Wolfowitz in the highest level defense contact between the US and Taiwan
since 1979. Wolfowitz told the conference organized by the US-Taiwan
Business Council (headed by Carlucci and partly funded by UDI) that the US
would do all it could to help Taiwan defend itself against China. They seem
to know quite well when to get in and when to get out.
TS
http://www.atimes.com/china/DC19Ad02.html
http://www.washingtonpost.com/wp-dyn/articles/A22150-2002May2.html
http://www.thenation.com/docPrint.mhtml?i=20020401&s=shorrock
Date: Sat, 4 May 2002 00:19:43 -0400
From: "pms" <laflame at aaahawk.com>
Subject: Re: $7 billion
I don't know about 7 bil but I have seen the sleaze really oozing with the
new development at UDI.
As I recall the Crusader tank/missile thingy almost was canceled by the Army
while Clinton was in, but then under Bush, congress ok'd funding for the
Crusader, happily for UDI's owner Carlyle, just a day or two before UDI was
spun off in an IPO. Now unhappily for the shareholders, Crusader is back on
the chopping block. And apparently Sec't White of Enron fame is the icing
on the sleazy cake. Check out headlines under chart.
http://finance.yahoo.com/q?s=UDI&d=c&k=c1&a=v&p=s&t=6m&l=on&z=m&q=l
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