Article

2016-04-18 Arabia

Saudi Arabia threatens to pull $750 billion in U.S. assets if Congress passes bill making its government liable for 9/11-related lawsuits

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Posted by gorb 2016-04-18 13:06|| || Front Page|| [11130 views ] Top

#1 the country would be forced to sell $750 billion in Treasury securities

I suppose that's better than borrowing the $18-20 billion to make ends meet, mentioned a few weeks ago. Why they could probably pull $300-400 billion in cash from the sale. [Full disclosure: I am an engineer, not a financial wizard.]

And selling securities - paper - ain't the same as 'pulling assets'. Does The Daily Mail have an agenda, too?

Posted by Bobby 2016-04-18 13:17|| 2016-04-18 13:17|| Front Page Top

#2 Good luck finding a buyer, unless you're willing to take a small bath.

Posted by Raj 2016-04-18 13:57|| 2016-04-18 13:57|| Front Page Top

#3 Saudi Arabia is behind the lower gasoline prices in its attempt to put US frackers into bankruptcy. But now Iran, with our president's lifting of sanctions is going to flood the market with oil to hurt the Saudis.

You think the China melt down was bad, there is more to come.

Posted by Ho Chi Crinens5363 2016-04-18 14:01|| 2016-04-18 14:01|| Front Page Top

#4 Most likely would be better for the US in the long run if the Saudis fucked right off.

Posted by DarthVader 2016-04-18 14:09|| 2016-04-18 14:09|| Front Page Top

#5 Sounds like Obamas shaking down the Magic Kingdom, and they have provided the gig leaf he'll need to explain why he won't release the pages.

Posted by Rjschwarz 2016-04-18 14:53|| 2016-04-18 14:53|| Front Page Top

#6 You think you know who would hesitate to release the info?

Posted by Procopius2k 2016-04-18 15:06|| 2016-04-18 15:06|| Front Page Top

#7 I'd support legislation authorizing the US to repurchase those securities. Hell, we might go as high as $100 billion.

Posted by Iblis 2016-04-18 15:13|| 2016-04-18 15:13|| Front Page Top

#8 I'd support (a) releasing the data and buying up the assets (b) bombing the Saudi Oil fields and letting the region gobble them up.

Assuming what is in the pages is as incriminating as the Saudi's are acting like it is.

Posted by rjschwarz 2016-04-18 16:08|| 2016-04-18 16:08|| Front Page Top

#9 Or better yet encourage the Heshimites to restate their claim as guardians of Mecca and Medina. I think without Uncle Sam providing assurances for the Saudi's they'd be rolled over and as long as it wasn't Christian soldiers charging into the Magic Kingdom the rest of Islam probably wouldn't mind so much. With oil wealth Jordan might be positioned to take on ISIS.

Posted by rjschwarz 2016-04-18 16:10|| 2016-04-18 16:10|| Front Page Top

#10 These suckers own 3/4 trillion in USG paper?!?

Posted by g(r)omgoru 2016-04-18 16:44|| 2016-04-18 16:44|| Front Page Top

#11 With oil wealth ~~Jordan~~ The Republic of Texas might be positioned to take on ~~ISIS~~ The Yankee Occupation Government.

Fixed it for ya.

Posted by Thing From Snowy Mountain 2016-04-18 19:57|| 2016-04-18 19:57|| Front Page Top

#12 Low oil prices hurt the Russians badly.

Posted by Glenmore 2016-04-18 20:23|| 2016-04-18 20:23|| Front Page Top

#13 The US government should just tell Intel, Cisco, and Microsoft to activate the backdoor kill switches on all of their hardware inside the sand kingdom. Turn their lights out, and their air conditioners off. I bet they'll come around to our way of thinking right quickly.

Posted by Lone Ranger 2016-04-18 21:47|| 2016-04-18 21:47|| Front Page Top

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