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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-29-07 12:33 PM
Original message
Outrage over SEC terrorism ‘blacklist’
http://www.ft.com/cms/s/7e44fdee-25a2-11dc-b338-000b5df10621.html

Outrage over SEC terrorism ‘blacklist’

By Jeremy Grant in Washington

Published: June 28 2007 22:02 | Last updated: June 28 2007 22:02

Some of the world’s biggest companies are outraged by a website link launched by US regulators aimed at exposing which of them could be “indirectly subsidising a terrorist state”.

The Securities and Exchange Commission this week linked to a list of five countries – Cuba, Iran, North Korea, Sudan and Syria – designated by the State Department as “sponsors of terrorism”.

By clicking on each country, investors see a list of companies that mention that country in their latest annual reports. The companies are mostly non-US and include Unilever, Cadbury, HSBC, Nokia, Siemens and Total.

Christopher Cox, SEC chairman, described the site as falling under the commission’s investor-protection mission. “No investor should ever have to wonder whether his or her investments or retirement savings are indirectly subsidising a terrorist haven or genocidal state.”

But the companies are objecting because the list does not make clear the extent of a company’s business in such states or whether they still have ties.

more...
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-29-07 12:39 PM
Response to Original message
1. Oooh, intimidation and blackmail?
Does this include every damn company that does business with the Saudis?
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-29-07 01:20 PM
Response to Original message
2. Are Halliburton and KBR on that list? n/t
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-29-07 01:22 PM
Response to Original message
3. Fucking assholes did NOT include Halliburton or Bain Capital in the list of companies in Iran
Edited on Fri Jun-29-07 01:27 PM by IanDB1
http://www.sec.gov/edgar/tlist/iranfilings.htm

Business As Usual?
Halliburton’s CEO says his company is pulling out of Iran. But a corporate subsidiary is still going ahead with a deal to develop Tehran’s natural gas fields

WEB EXCLUSIVE
By Michael Isikoff and Mark Hosenball
Newsweek
Updated: 6:10 p.m. ET Feb 16, 2005

Feb. 16 - Only weeks before Halliburton made headlines by announcing it was pulling out of Iran—a nation George W. Bush has labeled part of the “axis of evil”—the Texas-based oil services firm quietly signed a major new business deal to help develop Tehran’s natural gas fields.
Story continues below ↓advertisement

Halliburton’s new Iran contract, moreover, appears to suggest a far closer connection with the country’s hard-line government than the firm has ever acknowledged.

The deal, diplomatic sources tell NEWSWEEK, was signed with an Iranian oil company whose principals include Sirus Naseri, Tehran’s chief international negotiator on matters relating to the country’s hotly-disputed nuclear enrichment program—a project the Bush administration has charged is intended to develop nuclear weapons.

<snip>

Documents disclosed by the company indicate that the Justice Department probe into Halliburton’s Iran dealings, like a separate Justice investigation into alleged foreign bribes paid by a Halliburton-connected consortium to officials in Nigeria, cover the period that Cheney was Halliburton CEO.

More:
http://www.msnbc.msn.com/id/6982444/site/newsweek/


And, of all places, here's a mention in The Drudge Report:

Romney, Cheney Deep Iran Investments

In a high profile effort to bolster his credibility on national security, 2008 Republican White House hopeful Mitt Romney last week called on New York to divest its pension fund of any holdings in firms doing with business with Iran. But as it turns out, it is Mitt Romney's former employer with the ties to Tehran. And as you'd expect, Dick Cheney's Halliburton is in deep as well.

Following the lead of former Israeli Prime Minister Benjamin Netanyahu, Romney began his grandstanding on Iranian disinvestment by targeting the Democratic-controlled states of New York and Massachusetts. On February 22, Romney sent letters to New York Governor Eliot Spitzer, Senators Chuck Schumer and Hillary Clinton as well as state comptroller Thomas P. DiNapoli urging a policy of "strategic disinvestment from companies linked to the Iranian regime." Romney's theatrics continued:

"With your new responsibilities overseeing one of America's largest pension funds, you have a unique opportunity to lead an effort to isolate Iran as it pursues nuclear armament. I request that you immediately launch a policy of strategic disinvestment from companies linked to the Iranian regime. Screening pension investments and divesting from companies providing financial support to the Iranian regime or linked to Iran's weapons programs and terrorist activities could have a powerful impact. New investments should be scrutinized as long as Iran's regime continues its current, dangerous course."

As it turns out, scrutiny begins at home. As the AP detailed, Romney's former employer and the company he founded have recent links to recent Iranian business deals:

Romney joined Boston-based Bain & Co., a management consulting firm, in 1978 and worked there until 1984. He was CEO of Bain Capital, a venture capital firm, from 1984 to 1999, despite a two-year return as Bain & Co.'s chief executive officer from 1991 to 1992.

More:
http://www.drudge.com/news/96012/romney-cheney-deep-iran-investments
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damntexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-29-07 01:46 PM
Response to Original message
4. Cuba listed as a terrorist state? I'm surprised they don't list Venezuela.
How about listing one of the chief terrorist states: the USA?
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