Humm...curiouser and curiouser...The Saudis want to sell off $360B worth of its world wide investments to bring the money back to Saudi...
Question:
If you were going to sell off a huge amount of your investment would you tell everyone? Or would you just quietly sell a little here and a littler there, over time, so as to get the best price for those assets up for sale?
Which leads to the next question: Just what is Saudi going to do with the cash it generates from the sale? Keep it in bags in the linen closet of the new kings' bathroom? Stuff it into mattresses? What? Or are they going to put it in the bank? Whose bank? A Saudi bank?
IMHO the poster was right on the mark who said that perhaps the Saudi family is pulling in their money, b/c they see the very real possibilities of it being frozen.
The United States Must Not Neglect Saudi Arabian Investment
By Tanya C. Hsu
Executive Summary
Saudi Arabians have allocated an estimated 60% of their global investments to the United States through passive and direct investments. This commitment has enabled the United States to finance an ongoing trade deficit and produce new economic growth opportunities...
http://www.saudi-american-forum.org/Newsletters/SAF_Essay_22.htm
Factoid:Saudi investors have $750 billion in the US.