BUSH SR. MEETS WITH BIN LADEN FAMILY ON BEHALF OF CARLYLE GROUP ON 9/11

SEPTEMBER 11, 2001: BIN LADEN BROTHER ATTENDS CARLYLE GROUP CONFERENCE

The Carlyle Group is a large private-equity investment firm, closely associated with officials of the Bush and Reagan administrations, and has considerable ties to Saudi oil money, including ties to the Bin Laden family. This morning it is holding its annual investor conference at the Ritz Carlton hotel in Washington, DC. Among the guests of honor is investor Shafig Bin Laden, brother of Osama Bin Laden.[Observer, 6/16/2002; London Times, 5/8/2003]

Former President George H. W. Bush, who makes speeches on behalf of the Carlyle Group and is also senior adviser to its Asian Partners fund [Wall Street Journal, 9/27/2001] , attended the conference the previous day, but is not there today. [Washington Post, 3/16/2003]

The Carlyle Group is one of the most powerful and successful private equity firms in the world with $13 billion under management and with more political connections than the White House switchboard. George Bush Sr, his former Secretary of State James Baker, former chairman of the Securities and Exchange Commission Arthur Levitt, the retired IBM boss Lou Gerstner, and John Major, the former Prime Minister, are among the big names on the Carlyle payroll. The chairman is Frank Carlucci, a former Secretary of Defence and Deputy Director of the CIA, a close friend of Donald Rumsfeld, who put Carlyle at the centre of the American defence industry.

With the ascension of George W. Bush to the presidency, the White House is now full of ex-Carlyle employees, friends and business partners. And with the newly fattened defence budget, Carlyle has been able to extract massive profits from its defence holdings. THE same morning as American Airlines Flight 11 roared towards the north tower of the World Trade Center the Carlyle Group was holding its annual investor conference. Among those who gathered in the plush setting of the Ritz Carlton hotel in Washington were former world leaders, former defence experts and wealthy Arabs from the Middle East.

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