3Com-Huawei Merger Would Threaten National Security
Posted by Joshua Price on November 30, 2007
According to Bill Gertz from The Washington Times today:
U.S. intelligence agencies informed a Treasury Department-led review committee recently that a merger between 3Com and a Chinese company would threaten U.S. national security, The Washington Times has learned.
Bush administration intelligence officials said the Office of the Director of National Intelligence (DNI) recently submitted a required threat assessment to the Committee on Foreign Investment in the United States, known as CFIUS, which is conducting a 30-day investigation of the proposed deal between 3Com and China’s Huawei Technologies.
The assessment, which is classified, described the deal as posing a “threat” to U.S. national security, according to officials familiar with the document.
“The deal is in trouble,” said one official, who noted that pro-business officials who in the past dismissed critics of the deal are now worried the merger will be blocked because of the assessment.
This becoming eerily similar to the Dubai Ports deal from last year. Remember how we were told that there was nothing to worry about but we the people didn’t let up, and as a result we were able to stop it. We are seeing the same thing happen with this case only there are more skeletons in this closet as opposed to the Dubai deal.
What this clearly illustrates is something that I have been trying to get across here: many businesses today, especially the multinational corporations, have no allegiance to America and therefore don’t care about potentially compromising national security in the pursuit of a bigger bottom line. You see, their allegiance lies in the profits of their businesses, not any particular, unless we are taking about Middle Eastern, Russian, or Chinese MNCs–they are all about protecting and strengthening their home countries.
This just goes to show you how we have yet to acquire the right mindset that is needed to win this war.