Prensa Latina reports that George W. Bush has purchased a 98,842-acre farm in northern Paraguay, between Brazil and Bolivia. In one way, it makes sense: why not retire in the land where the US military has had a visible presence for over a year and that's ruled by a pro-market, Bush friendly president? Plus, Paraguay gives foreign investors all the same protections it gives its own: for people in Bush's income bracket, the Multilateral Investment Guarantee Agreement Agency (MIGA) "insures investors against risks such as expropriation, currency inconvertibility and damages caused by revolution, war or civil strikes." (The cons for Bush are three-fold: Brazil's lefty president Luiz Inacio Lula da Silva to the east, Bolivia's lefty president Evo Morales to the north, and Argentina's lefty president Nestor Kirchner to the west).
But as corruption scandals pile up in the Bush administration and legal teams are assembled in anticipation of post-2008 life, perhaps this is the most telling fact about Bush's possible retirement getaway: while the US and Paraguay have an extradition treaty, there's one glaring exemption: "political offenses."