Former Rep. Gephardt & James Wolfensohn Join Board of Directors of Chinese Company with Possible Military Ties
September 23rd, 2010
Former Rep. Gephardt and James Wolfensohn who headed the World Bank from 1995 to 2005 (nominated by the USA) are latest examples of Washington insiders on a Chinese company’s payroll.
Huawei, long said to be controlled by the Chinese military, has been trying to break into the USA market for telecommunications equipment via its subsidiary Amerilink Telecon. The USA telecommunications market could be worth many hundreds of millions of dollars to them.
Gephardt and Wolfensohn have both joined its board of directors.
The Chinese military actually owns all or portions of hundreds of Chinese companies, many with assets in the USA. Some have been accused of acquiring technology that could be used for China’s military.
Huawei has also been accused of selling telecommunications equipment to both Iraq and Iran in spite of international sanctions against them.
It saddens me that not just that these two men would join such a foreign effort to penetrate the USA market for money, in effect influence peddling, but also that this is so common in Washington.
(The Wall Street Journal article on this topic: http://online.wsj.com/article/SB10001424052748704416904575501892440266992.html?KEYWORDS=gephardt )