Tuesday, March 07, 2006

You can't make this stuff up

Well, you can. But reality too often gets there first with the Bush administration. Via Steve Soto of the Left Coaster blog, a restructuring of the Dubai deal is under consideration. Yep, it's Halliburton to the rescue!

From Dubai & Dubya in dash for lifeboat by Thomas DeFrank and Kenneth Bazinet New York Daily News 03/04/06:

The White House is quietly pushing a Dubai company to "significantly restructure" and partner up with a U.S. outfit to keep the port deal from sinking, sources told the Daily News yesterday.

"It's in the hands of the company now. ... They're going to have to significantly restructure," said a Republican source familiar with White House expectations. ...

One snag to such a deal may be that sources say the U.S. company best equipped to partner with DP World is Halliburton, once headed by Vice President Cheney.

After undergoing so much scrutiny for its no-bid Iraq contract and the handling of some of its duties there, Halliburton may not be able to help DP World land the deal, a source admitted.

But things always seem to work out for Halliburton, somehow.

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