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Author Topic: James Baker, Madeleine Albright and the con game behind Iraqi debt forgiveness
Babbler # 2440

posted 13 October 2004 09:47 PM      Profile for pogge   Author's Homepage     Send New Private Message      Edit/Delete Post
Naomi Klein strikes again, this time in The Nation.

James Baker's Double Life: A Special Investigation

James Baker, the Bush family fix-it man, was appointed as Bush 43's special envoy to try and get the rest of the world to forgive Iraq's debt. In this article Klein exposes how Baker, along with former secretary of state Madeleine Albright and the gang at Carlyle have been trying to work a deal with Kuwait involving money owed to that country in both debt and war reparations. Among other things, Carlyle would get the use of $1 billion dollars for ten to fifteen years and Iraq's war reparations payments would end up being used to buy out her own state-owned businesses. Sound complicated? Why do you think the thread title is so long?

The Nation ... showed the documents to Jerome Levinson, an international lawyer and expert on political and corporate corruption at American University. He called it "one of the greatest cons of all time. The consortium is saying to the Kuwaiti government, 'Through us, you have the only chance to realize a substantial part of the debt. Why? Because of who we are and who we know.' It's influence peddling of the crassest kind."

[ 13 October 2004: Message edited by: pogge ]

From: Why is this a required field? | Registered: Mar 2002  |  IP: Logged
Babbler # 2440

posted 18 October 2004 01:16 PM      Profile for pogge   Author's Homepage     Send New Private Message      Edit/Delete Post
On a related note, did you know that Iraqis are paying reparations to corporations?

Here is a small sample of who has been getting "reparation" awards from Iraq: Halliburton ($18m), Bechtel ($7m), Mobil ($2.3m), Shell ($1.6m), Nestlé ($2.6m), Pepsi ($3.8m), Philip Morris ($1.3m), Sheraton ($11m), Kentucky Fried Chicken ($321,000) and Toys R Us ($189,449). In the vast majority of cases, these corporations did not claim that Saddam's forces damaged their property in Kuwait - only that they "lost profits" or, in the case of American Express, experienced a "decline in business" because of the invasion and occupation of Kuwait.

Naomi Klein in the Guardian

From: Why is this a required field? | Registered: Mar 2002  |  IP: Logged
Babbler # 490

posted 18 October 2004 01:35 PM      Profile for DrConway     Send New Private Message      Edit/Delete Post
SHAFTA's Chapter 11 at the barrel of a gun. How incredibly brazen.
From: You shall not side with the great against the powerless. | Registered: May 2001  |  IP: Logged
Babbler # 5062

posted 18 October 2004 02:29 PM      Profile for thwap        Edit/Delete Post
Yeah, i'd read Klein's bit on James Baker. Appalling people, all of them.

And from Klein's Guardian piece:

That is the demand of Jubilee Iraq, a debt relief organisation based in London. Reparations are owed to the victims of Saddam Hussein, the group argues - both in Iraq and in Kuwait. But the people of Iraq, who were themselves Saddam's primary victims, should not be paying them. Instead, reparations should be the responsibility of the governments that loaned billions to Saddam, knowing the money was being spent on weapons so he could wage war on his neighbours and his own people. "If justice, and not power, prevailed in international affairs, then Saddam's creditors would be paying reparations to Kuwait as well as far greater reparations to the Iraqi people," says Justin Alexander, coordinator of Jubilee Iraq.

What is wrong with me right now, that I fear "Jubilee Iraq" will go the same way as the movement for 3rd world debt relief, and all the other initiatives that people of good will have been behind for years? Why can't I shake the despair that the sort of thoroughly reprehensible greedy, inhuman behaviour of Baker, bush jr., and company will continue to go unpunished, and, in fact, well rewarded?

Sorry to be a drag.

From: Hamilton | Registered: Feb 2004  |  IP: Logged

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