Pelosi's investment in terror regimes

Dick Morris and Eileen McGann:

House Speaker Nancy Pelosi (D-Calif.) has disclosed that she holds stock valued at up to $15,000 in Alcatel-Lucent (formerly Alcatel SA), a company with extensive investments in Iran and Sudan — nations that sponsor terrorism.

The disclosure of Pelosi’s holdings comes at the same time that legislation is making its way through the California legislature barring state pension fund managers from investing in companies, like Alcatel-Lucent, that do business with "terror-friendly" nations.

According to, a citizens group pushing a South Africa-style disinvestment program to discourage companies from doing business in terror countries, Alcatel-Lucent’s investments in terror countries are so extensive that it is included on the organization’s “dirty dozen” list of offending companies. The organization estimates that the company has invested upwards of $300 million in terror sponsoring nations during the past five years.

According to, Alcatel is aiding Iran’s terrorist activities by providing state controlled companies with data transmission and switching network capabilities. “These contracts have reportedly included the provision of hardware, software, technologies, and training to Iranian companies.” It is also installing an undersea telecommunications cable in Iran.

Prior to his overthrow, Alcatel carried out major fiber optic products for dictator Saddam Hussein in Iraq, despite U.S. government warnings to the French company that the project could advance Iraqi military capabilities.

Pelosi needs to make a decision on this stock and whose side she is own in the war Iran is waging against the US and Israel. Companies like Alcatel also need to understand the price they will pay in the capital markets for their business with despots.

The Belmont Club discusses the Divest Terror Initiative.


Whether or not this effort succeeds, it suggests that slowly but surely the "swarming attacks" are beginning to emerge against terrorism, driven not by a single mastermind, but in David Kilcullen's words, but a shared narrative.
It looks like it is gathering momentum more on a grass roots level than a top down model. They may be the real bad news for the terrorist regimes and those who enable them.


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