Posted on 04/16/2016 7:55:04 AM PDT by mandaladon
Saudi Arabia has reportedly told the Obama administration and congressional leaders that it will sell billions of dollars in U.S. financial assets if Congress passes a bill to make the Saudi government legally responsible for any role in the 9/11 attacks.
The administration has tried to stop Congress from passing the legislation, a bipartisan Senate bill, since Saudi Foreign Minister Adel al-Jubeir last month told Washington lawmakers his country’s position, according to The New York Times.
Al-Juberi purportedly informed the lawmakers during a trip to Washington that Saudi Arabia would be forced to sell as much as $750 billion in Treasury securities and other American financial assets on the world market, fearing the legislation could become law and U.S. courts would then freeze the assets.
The revelations about the Saudis’ ultimatum come several days after reports that President Obama will soon decide whether to declassify 28 pages of sealed documents suspected of showing a Saudi connection to the deadly 9/11 terror attacks.
Former Florida Democratic Sen. Bob Graham told Fox News on Tuesday that the White House told him a decision on whether to declassify the documents would be made within 60 days.
Graham helped lead a 2002 congressional inquiry into the attacks.
The Bush and Obama administrations have refused to unseal the documents, arguing their release would jeopardize national security. Critics claim the reluctance is a calculated move to hide Saudi Arabia’s involvement in the al Qaeda terror attack that killed almost 3,000 people on U.S. soil on Sept. 11, 2001.
Obama had come under renewed pressure to release the documents ahead of a scheduled trip next week to Saudi Arabia for a summit of Persian Gulf leaders.
(Excerpt) Read more at foxnews.com ...
Amen!!!!!
Pass the bill. It is about time the Saudi Arabia cult got some real crap in their face. Then pull all of our military and civilian assets out of the middle East!
Trump for President.
Lovers of liberty should never support another major party candidate again.
Ah. Good point.
DOOMED,
DOOMED I SAY !
There hasn't been more than a handful of "news" stories about the homeless since 1/20/08.
They press can ignore starved corpses just as easily, as long as a democrat is in office.
Shortly after 9/11, there was an FR thread, “Profits of Doom”, going into odd trading in the options markets just before 9/11. “Sell” options on Boeing and airlines being very unusually high.
Then media coverage stopped.
My guess was that the trail led to people who could not be touched.
We should have invaded Saudi Arabia not Iraq. Stupid W.
They will squander a lot of the nest egg to make a showing but eventually it will come down to just a few running away with what they think is enough to save themselves.
They are crooked and warped but they aren’t stupid.
Not rebuilding the WTO was a sign of weakness, that’s my opinion.
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To me it is interesting there are viable jihads along geographic areas where there is either oil and gas or pipeline export regions. This tells me that the Saudis - maybe with a wink and a nod from the USA and some western countries - were truing to destabilize oil/gas and pipeline countries after the collapse of the Soviet Union.
For decades, the Saudis have been using their oil money to hire Africans and Indonesians to do their manual labor and Americans/Europeans to do their technical and financial work. That economic model can't be sustained unless oil goes back to $100 per barrel or more. So now they're stuck with no oil money and a population who has never done work - physical or mental, of any kind. Egypt and Jordan have brighter economic and social futures in the long run than Saudi Arabia, assuming the Egyptian military can keep the Muslim Brotherhood (also funded by Saudi clerics) out of power.
Furthermore, a society that wastes the brains of its best and brightest on Koran studies and theology won't be going very far anytime soon.
Put options are cited by many now as the only way to make money in the market.
No, that’s your fact.
there was never another option that didn’t make us look pathetic.
I hate that @#$@#$ing building.
Skyline is a joke now.
Trump would do what Congress told him to do.
I dislike very much the alarmists Mr. Badger. We have been saying for years though that if something is not done right and something does not change for the better to reign in spending, illegals, waste, regulations and all that the end can’t be far away. That frame of mind has gone on for decades now in the hopeful sense that things will be OK.
Things are NOT OK. They are bad and the things that we said can’t go on much longer have gone MUCH, MUCH longer. The day we said would come soon long ago has come.
Only the press and the “new normal” have created a false sense of OK. You never know the worth of the water until the well runs dry. We once had green fields.
Saudis vow to sell US assets if Congress decides gov was involved in 9/11
They make that sound like a bad thing.
If and when the Saudis do an IPO for Aramco...I will be buying puts at the opening...’cause there will be no buyers!!!!!!!!!!!!
Quote:
“Shortly after 9/11, there was an FR thread, “Profits of Doom”, going into odd trading in the options markets just before 9/11. “Sell” options on Boeing and airlines being very unusually high.
Then media coverage stopped.
My guess was that the trail led to people who could not be touched.”
There has NEVER been an accounting for WHY gas prices got so high and the economy “collapsed” just in time for Obama’s election. No one has EVER been held accountable for the banking “collapse” while several Obama-connected bureaucrats and politicians walked off with millions from Fannie and Freddy.
There is an overpowering stench rising up out of the Washington D.C. Government/Media Complex.
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