New York, NY – Arab ownership of U.S. Stock Exchange Raises Flag in Congress.

New York, NY – In a complex set of transactions, Dubai is moving to acquire 19.9 percent of the Nasdaq in New York, placing the Arab government in an ownership position of the key U.S. stock exchange and raising concerns in Congress

The announcement set off a firestorm of criticism in Washington, prompting President Bush to comment today in a news conference, “We’re going to take a good look at it, as to whether or not it has any national security implications involved in the transaction. I’m comfortable with the process to go forward.” [wnd]