Broadcaster warns of security threat in proxy fight
Via IHT
Broadcaster warns of security threat in proxy fight
By Andrew Ross Sorkin
Lou Dobbs, wearing an American flag pin in his left lapel, introduced a segment on his CNN program last week with his trademark outrage: “Tonight, there is a new threat to national sovereignty and security: A foreign hedge fund trying to take control of CSX.”
Doing his best imitation of Howard Beale’s “I’m mad as hell” line - but with no sense of irony - Dobbs said of the foreign hedge fund, “Who the heck do they think they are?”
At one point he proclaimed, “This has to go immediately to CFIUS,” a reference to the Committee on Foreign Investment in the United States, as he contended that CSX “is without question a national security asset.”
Dobbs, a vocal opponent of Dubai’s attempt to buy six American ports, is not the only one up in arms. Six members of the U.S. Senate Banking Committee are raising red flags, too.
CSX is one of the largest railroad companies in the United States. And given all the hubbub, you would imagine that the hedge fund was based in the Middle East. But the hedge fund is - wait for it - based in London. Yes, London. The British are coming!
>Read the rest at IHT.
Why is “Howard Beale” invoked every time a newscaster gets emotional trying to get a point across? These clowns in the MSM, esp. in the print media, do NOTHING to alert us to any problems ensuing, so their whole existence is just to attack Dobbs, O’Reilly.
If CSX is ultimately overtaken by this foreign hedge fund (from London), Mr. Sorkin and his pals will probably write that “no one saw this coming”, and that it was done in the dark of night, etc. So Dobbs is bringing it to light before it occurs.
These print media types probably have no presence whatsoever and seem envious of ANYONE on TV.
Comment by Missy — June 10, 2008 @ 10:19 am
I think this is sort of silly since the hedge fund is from London, but principles are principles and this country is being sold to foreigners who do not have our best interests in mind.
Comment by Aaron — June 10, 2008 @ 1:23 pm