Meanwhile, Poppy lobbying CHINA on behalf of Carlyle Group

Former US president George Bush has pressed Beijing to support a bid by a consortium to purchase a stake in the country's Guangdong Development Bank.

A consortium, led by Citibank and including venture capital firm the Carlyle Group, is keen to buy a 24.1 billion yuan ($3 billion) share of the bank, the Chinese 21st Century Business Herald reports.

If ministers in Beijing approve the deal, the consortium will own 85 per cent of the troubled Guangdong Development Bank. Current Chinese rules state that no single foreign investor can own more than 20 per cent of any domestic bank and there is a 25 per cent cap on combined foreign investment.

George Bush Senior addressed a letter to the Chinese ministry of foreign affairs, stating: "On my personal behalf, I vigorously ask the Chinese government to support the US companies' efforts to buy into Guangdong Development Bank.

"I sincerely believe that the deal would be conducive to the overall development of the Sino-US relationship."

http://www.bobsguide.com/guide/news/12910.html

he's about to blow !

I think the key word here is "troubled". Doesn't that remind you of the S&L deal years ago? I think I remember a Bush in that one too.

Very important article, yours, Bluebear! Much obliged.

I've followed this topic:

Know your BFEE: The China-Bush Axis

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=104&topic_id=5333644

Money. Power. War. Treason. It's all Poppy knows.

And Bush and company want to own that debt. Disgraceful.