Snow Says He May Tell Congress More About Investment Approvals

[ProSense]

Do they hear themselves lying?

Snow Says He May Tell Congress More About Investment Approvals

Feb. 24 (Bloomberg) -- Treasury Secretary John Snow said the process of approving foreign investments with national- security implications may be changed to keep U.S. lawmakers better informed.

A decision by a Treasury-led panel to approve the purchase of six U.S. ports by a Dubai company aroused a storm of controversy among lawmakers. While the panel adequately addressed security issues, it didn't foresee the possibility of a public outcry, Snow said today.

``If there was a failure, we failed to recognize there might be a public reaction,'' Snow told reporters in Richmond, Virginia. ``Over time, we may recommend improvements in the process so Congress is better informed about transactions.''

Snow himself acknowledged earlier this week that he hadn't been informed in advance of the decision to approve the port deal by the Committee on Foreign Investment in the United States. The panel includes representatives from 12 government agencies and departments, including Defense, Homeland Security and the White House National Security Council.


http://www.bloomberg.com/apps/news?pid=10000087&sid=aszV0Ci7R7Tc

Poor judgment and a liar---he said he learned about the deal from the newspapers:

Bush, Snow Didn't Learn of Port Deal Before Approval (Update6)

Feb. 22 (Bloomberg) -- President George W. Bush didn't know of the sale of six major U.S. port facilities to a Dubai company until after the deal was agreed to and federal approval was granted, his spokesman said. Treasury Secretary John Snow said he learned of it ``by reading it in the newspapers.''

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=2475130&mesg_id=2475478


I can see this guy being scapegoated when this fiasco points to the failure and corruption of the entire Bush administration.

[Stephanie]

1. scapegoated? it's HIS company

He was running it just a couple of years ago

[yellowcanine]

2. Big of him. Alrighty then! Nothing to see here......Move along, folks.

[babylonsister]

3. This makes me wonder what other shady deals have slipped

under the national radar w/o anyone being the wiser.
It's amazing anything gets done in this wh with so many clueless people! :sarcasm:

[MADem]

4. He MAY tell Congress? What, if they are good little boys and girls??

Be good now, and I MAY give you a cookie!

Fuck him!!! He'd better spill his guts, and do it quick, or he'll get his ass paddled! The son of a bitch needs to realize that Congress represents the people, and he's accountable to them on our behalf. Arrogant fucker!

[Virginia Dare]

5. Arrogant assholes, every single one..EOM

[wisteria]

6. Did he or didn't he know about what was being negotiated. He needs

to get his stories straight. Reading the first quote, it appears he DID or was aware of the deal, but underestimated the Congress' and the publics' outrage over security concerns. So, NOW he will notify Congress of the deals before they are agreed to.
Is he confused because these types of deals have been going on for sometime and no one noticed before or is he confused because he needs an excuse because he has an interest in seeing this go through and doesn't want to let on about this.
Finally, are they spinning this on purpose?