The supporters of, and retreaters on, the deal are also silent about the unprecedented, Islamic law-compliant funding scheme that allowed state-owned Dubai Ports World to force its more experienced rival to drop its bid for P&O. (The underwriters of Dubai Ports World's $3.5 billion Islamic financing instrument called a "sukuk" --Barclay's and Dubai Islamic Bank--were both cited as probable conduits for bin Laden money.)
Thursday, February 23, 2006
Michelle Malkin Still Against the Dubai Port Deal
Despite a suspicious Denial of Service attack this morning, Michelle Malkin is still not backing down on her criticism of the Bush administration over the Dubai port deal. She's calling it "Portgate." She believes the deal is also dangerous because of its Islamic-law based financing scheme:
