Article

2004-11-10 Arabia

Investments by Saudis Abroad Estimated at $ 1Trillion

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Posted by tipper 2004-11-10 8:08:52 AM|| || Front Page|| [7 views since 2007-05-07] Top

#1 any more info on this?

Posted by anon2 2004-11-10 9:12:28 AM|| 2004-11-10 9:12:28 AM|| Front Page Top

#2 #1 anon2:

any more info on this?

Yeah - like can we confiscate it as payback for 9/11? Or just on general principles?

Posted by Barbara Skolaut 2004-11-10 12:33:45 PM|| 2004-11-10 12:33:45 PM|| Front Page Top

#3 Great idea... confiscate the trillion plus the oilfields... for starters :-)

Posted by True German Ally 2004-11-10 1:47:48 PM|| 2004-11-10 1:47:48 PM|| Front Page Top

#4 A little background on one of my former employers...
During WWII the U.S. Government took control of a German-owned manufacturing company's plants in the U.S. and used them for war production. At the end of the war, the American part of the company was forced to go public as an American-based company. The former owners who were loyal U.S. citizens were compensated with stock to the extent of their pre-war ownership. The U.S. Government received the balance from the stock sale. German owners lost out.

If push comes to shove and AQ manages to overthrow the royals, there's $ 1Trillion available for our taking from day one.

Posted by Tom 2004-11-10 2:53:59 PM|| 2004-11-10 2:53:59 PM|| Front Page Top

#5 Folks, our blue chip corporations are flush with Saudi money. It would be pretty hard to shut down the Saudis here without also shutting down much of corporate America.

Take the former Citibank, now Citigroup, the largest American bank with over $1 trillion in assets today. In 1991, just after the S&L debacle and the latin debt collapse, Citibank was reeling and came within an inch of being shut down by the Federal Reserve. To the rescue came one of the savviest of the Saudis, Prince Al Waleed, who bought a 25% stake in the bank when the stock was around $8 or so. Over the next six years, the stock soared to well above $100, giving Al Waleed a return of more than ten times his investment. Without Al Waleed's capital infusion in 1991, Citibank would have gone under.

Posted by lex 2004-11-10 2:55:11 PM|| 2004-11-10 2:55:11 PM|| Front Page Top

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