[lbo-talk] James Baker, smooth operator

R rhisiart at charter.net
Wed Oct 13 15:47:31 PDT 2004


At 07:51 PM 10/12/2004, you wrote:
><http://www.thenation.com/docprint.mhtml?i=20041101&s=klein>
>
>James Baker's Double Life
>
>by NAOMI KLEIN
>
>[from the November 1, 2004 issue]

[...]


>The secret deal involves a complex transaction to transfer ownership of as
>much as $57 billion in unpaid Iraqi debts. The debts, now owed to the
>government of Kuwait, would be assigned to a foundation created and
>controlled by a consortium in which the key players are the Carlyle Group,
>the Albright Group (headed by another former Secretary of State, Madeleine
>Albright) and several other well-connected firms. Under the deal, the
>government of Kuwait would also give the consortium $2 billion up front to
>invest in a private equity fund devised by the consortium, with half of it
>going to Carlyle.

always good to see a staunch democrat, like mad madeleine albright, looking after her economic interests. particularly when she teams with jim "fuck the jews" baker.

R



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