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Home Equity Loans (AXcess News) Washington - White House spokesman Scott McClellan told reporters Thursday that President Bush was unaware of the sale of US ports to the United Arab Emirates' state-owned Dubai Ports World until after it cleared a security check with the administration having already approved it.

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Home Equity Loan Rates In defending President Bush's lack of information on the UAE port purchase, McClellan said, "There was no objection raised by any of the departments during the review process or any concerns expressed about potential national security threats."

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Homeowner Loans McClellan was referring to the White House officials who examined these transactions and are known as the Committee on Foreign Investment in the United States, or CFIUA. Heading up the CFIUA security clearance was Treasury Department Secretary John Snow and officials from the departments of defense, justice, commerce, state and homeland security.

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Equity Loan Rates In speaking to reporters about the UAE company buying the British firm that currently operates the six US ports, President Bush defended CFIUA members' decision on the sale, saying, "If there was any chance that this transaction would jeopardize the security of the United States, it would not go forward."

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Student Consolidation Loans McClellan said Bush spoke with the cabinet secretary of every government agency involved and asked "Are you comfortable with this transaction going forward? And each and every one expressed that they were comfortable with this transaction going forward."

Second Mortgages "The UAE company will not manage port security. The security of our ports have been and will continue to be managed by the Coast Guard and Customs," said Bush.

Federal Consolidation Loan Yet when Secretary of Defense Donald Rumsfeld was asked about UAE port sale, Rumsfeld said he didn't know anything about it until a few days ago.

Equity Loan Following President Bush's threat yesterday to veto any legislation that blocks his deal with Dubai Ports World to operate major US ports, the New York Times revealed that his Administration skipped a mandatory 45-day review process of the deal. According to the article, a 1993 amendment to the law that created the Committee on Foreign Investment requires a 45-day investigation when "the acquiring company is controlled by or acting on behalf of a foreign government."

Refinancing With Bad Credit "President Bush just doesn't get it. In the post 9/11 world, the President should know we can not afford to cut corners and bypass the checks built into the law that was created to protect our national security," said Democratic National Committee Communications Director Karen Finney. "Bush's stubborn 'trust us' policy threatens to weaken America and leave our ports vulnerable to terrorism. America can do better than a national security policy that does not address the threats of today and tomorrow."

Home Equity Line Of Credit Senator Charles Schumer (D-NY) said, "The review has been casual and cursory. And the bottom line is very simple. When it comes to security, you can't be too careful."

Federal Consolidation In response to questions raised by lawmakers President Bush said, "I can understand why some in Congress have raised questions about whether or not our country will be less secure as a result of this transaction. But they need to know that our government has looked at this issue and looked at it carefully. Again, I repeat, if there was any question as to whether or not this country would be less safe as a result of the transaction, it wouldn't go forward."

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