October 30, 2009

Billionaire Saudis Feud


You've heard of family feuds before, but probably never anything like this, as two billionaire Saudis feud over billions and billions of dollars lost to financial debt and fraud.

The global economic meltdown and credit crisis have placed Saudi Arabia in tenuous circumstances financially and politically, and this clash of the economic titans linked by marriage is bringing further turmoil and damage to the country's reputation as a stable econonmic leader. As the feuding Saudi billionaires freeze huge amounts of assets and engage in other monetary skullduggery, international financial leaders are wondering whether the Saudis have their act together enough to be a safe place to put money...

Billionaire Saudis Feud
wn.com

It goes well beyond the average family squabble. For months, two billionaire families in Saudi Arabia, linked by marriage, have been locked in a bitter legal battle centered on an estimated $22 billion debt implosion and allegations of billions of dollars in fraud...

Billionaire Saudis Feud

Posted at October 30, 2009 11:11 AM
Comments

OMG I hope they can finish "the island", "the world", the indoor winter park, etc., etc., but I guess that's why the price of gas is up.

Posted by: mary in nc at October 30, 2009 12:56 PM

Mary,

Everything that you are saying about "The Island", "The World", "Indoor Winter Park" is not in Saudi Arabia They are in United Arab Emirates in the city Dubai It's next to Saudi Arabia.

No and that's not why the price of gas is going up.

Posted by: KevinY at October 30, 2009 1:12 PM

Kevin,

I am pretty sure she was being sarcastic you twit!

Posted by: mark at October 30, 2009 1:35 PM

To freaking bad. Now they will drop the USA like a hot rock!!! Obama will go over there and bow to them again and everybody will be happy again. Maybe he will give away a few trillion dollars to bail them out!! HA-HA-HA

Posted by: Quad4 at October 30, 2009 1:45 PM

To freaking bad. Now they will drop the USA like a hot rock!!! Obama will go over there and bow to them again and everybody will be happy again. Maybe he will give away a few trillion dollars to bail them out!! HA-HA-HA

Posted by: Quad4 at October 30, 2009 1:45 PM

Remember the last President he screwed things up royally and you expect Obama to create miracles after such a f#$*up. You air-head.

Posted by: Val at October 30, 2009 5:45 PM

Its about time that saudis get off there butts and work for change. do something good for the people not hand out money to terrorist organisations .
all we have to do is bring back electric cars and find alternate source of energy and ,we can put this guys out of business !!!!!
let them work like us then. and not get up in the morning and wonder , who to blow up !!!

Posted by: Dan at October 30, 2009 6:10 PM

This Saudis do not know how to run their country. They don't work, and they are keeping most of the country poor. Let's not forget not every Saudi is an evil person, they are runed by a political wealthy family.

Posted by: Anonymous at October 30, 2009 6:22 PM

obama is an idiot!

Posted by: Anonymous at October 30, 2009 6:44 PM

the americans made them rich by discovering oil when they were drilling for water. believe it or not. and still drilling oil for them (usa)

Posted by: jerry at October 30, 2009 7:58 PM

Hey Quad4 there are plenty of pictures of Jboth Bush's hold hands with the Saudi roalfamily and even a few of youner Bush kissing them on the cheek .

Posted by: EdBull38 at October 30, 2009 8:10 PM

Hey Quad4 there are plenty of pictures of both Bush's hold hands with the Saudi royal family and even a few of younger Bush kissing them on the cheeks . Or can't you remember back that far .

Posted by: EdBull38 at October 30, 2009 8:12 PM

Obama is going to BANKRUPT the US in no time. He's a dumb prick!

Posted by: ben at October 30, 2009 8:46 PM

Too much money and little education can be very dangerous. I hope the will find the answers to their problems in the Quran. Then I don't have to say it's nothing but pure greed...

Posted by: jude ask at October 30, 2009 10:46 PM

well obama is their boy...oh i was raised a muslim but im not really one...ya ok...obamas going to bancrupt the u.s.a. because he wants to feed and give free medical care to the lazy welfare blacks that want a free ride..and the illegal mexicans that do work but dont want to pay for the med benefits....so ya ok lets have all the people that are responsible and work pay for the lazy bums....jeesh obamas own city is a shit whole...shootings..beatings...why didnt he clean that up first...but his whole agenda is to help all the black kids who dont know who their daddy is because black men like his own dad dont want to be responsible....get some pussy and leave as soon as they get preggy....typical but black america wont admit it.......

Posted by: thomas at October 30, 2009 11:49 PM

Animals Care better fot thier young

Posted by: The Write Stuff at October 31, 2009 12:29 AM

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