Senator Schumer, Playing to the Crowd
Carlyle Selling Stake to Abu Dhabi
By Thomas Heath and Howard Schneider
Washington Post Staff Writers Thursday, September 20, 2007; 11:18 AM
The Carlyle Group, the District's private-equity giant, announced that it is selling a 7.5 percent share of its general partnership to an investment group owned by the government of Abu Dhabi -- one of a flurry of deals today involving Arab governments and U.S. and British financial assets.
. . . "This deal raises serious questions that must be answered," said U.S. Sen. Charles E. Schumer (D-NY), chairman of the Joint Economic Committee. "Those questions will include -- should we allow foreign governments to take over our financial exchanges and how much control and influence should those foreign governments have? . . "
______________________________________________________________________ So, let's see now, Chuck. Global commerce is good and free trade deals are good, but 7.5% interest in a single private fund is a "takeover of financial e…