Citibank meltdown and Saudi Prince Alwaleed bin Talal

[tsuki]

http://www.americablog.com

"At least Prince (former CEO) who dragged the company into this situation is sleeping well at night with his comfortable retirement plan. Isn't that what America is all about? Screwing up so badly that you lose a Fortune 500 company billions, force tens of thousands onto the streets and you retire without a care in the world? Nobody bothers to ask for that money back since it was all perfectly legal, right?

We should all be so proud of this great time in American history. No one is ever wrong, except for the schmucks in the middle. I'm sure Citi already has a nice plan to buy another failed subprime lender so they can avoid even more taxes that will be picked up by the middle class.

UPDATE: CNBC reporting Citi write downs could be up to $24 billion, with a $15 billion cash injection from Saudi Prince Alwaleed bin Talal who is already the largest shareholder."

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I find this interesting because the Saudi Prince Alwaleed bin Talal was the person who blamed America for 9/11.

http://www.aim.org/aim-report/aim-report-radical-arabs-seek-influence-over-us-media-december-a/

"Following 9/11, at a memorial service, this same Saudi prince presented then-New York City Mayor Rudolph Giuliani with a check for $10 million for relief efforts. Everyone was mindful of the fact that 15 out of the 19 terrorist hijackers were Saudis.

Several days later, families of the victims of the murderous attacks learned there was a catch: Prince al-Waleed issued a statement saying the attacks were America's fault for its support of Israel. At which point Mayor Giuliani returned the check and said his city would not be bribed into accepting the "Blame America First" game.

"There is no moral equivalent for this attack," America's mayor declared. "The people who did it lost any right to ask for justification when they slaughtered...innocent people…Not only are those statements wrong, they are part of the problem."

Also-

http://www.guardian.co.uk/media/2005/dec/12/newscorporation.rupertmurdoch

"Fox News was ordered to alter its coverage of the riots in France after a Saudi prince with shares in its parent company News Corporation complained to Rupert Murdoch.

Prince Alwaleed bin Talal bin Abdul aziz Al-Saud told a conference in Dubai he had telephoned Mr Murdoch after seeing a strapline on the news channel describing the disturbances as "Muslim riots".

"I picked up the phone and called Murdoch and said that I was speaking not as a shareholder, but as a viewer of Fox. I said that these are not Muslim riots, they are riots," Campaign Middle East magazine quoted the prince as saying.

"He investigated the matter and called Fox and within half an hour it was changed from 'Muslim riots' to 'civil riots'."

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[annabanana]

1. It's GOOD to be king. . .

[tsuki]

2. LOL. I will always see that picture when his name comes up. nt

[peacetalksforall]

4. Is that the person we're speaking about? If not, I think it's disrespectful no

matter how screwed up his involvement is with the Bushes-Cheneys and corporations. I have no problem with images if they are our own.

[mother earth]

3. The dumbed down Fox Noise followers need to read this.

I'll be borrowing from your post if you don't mind, to enlighten some of my repub relatives who are more worried about Dr. Phil and Brittney than to realize how corporate interests (oh no, foreign, at that and Muslim to boot) are robbing their wallets on Wall Street, and in general, while they ponder which idiot to replace the idiot leaving. For some, although it is the economy, they remain unknowing victims to the repub machine dangling those icons of fear, those "liberal tax and spenders" and terror everywhere to keep the war profiteers going. They don't comprehend the concept of corporate welfare.

It's a good reminder of exactly who the hijackers were and who is controlling the economy for the final blow to the dumbed down sheep. :banghead:

[tsuki]

5. Please, I have been trying to get people to talk about the

controlling interest that the Saudi Prince has in News Corporation, parent company to Faux Noise.

Rupert was able to stop a hostile take-over by combining his shares with the Prince's shares.

I let everyone know that Hannity and O'Reilly have some nerve calling me un-American. I don't take my paycheck from the Saudis like they do.