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I wonder if the reason Obama is feeding rather than taking over the zombie banks is because of Saudi

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Bread and Circus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 01:31 PM
Original message
I wonder if the reason Obama is feeding rather than taking over the zombie banks is because of Saudi
Arabia and other foreign interests.

If he takes over these banks and wipes out the foreign shareholders he is essentially wiping out the same foreign interests that are lending us money for things like the bailout, national defense, medicare/medicaid, and social security.

I know at one point, Sauds owned a huge stake in Citibank (?60). Not sure now.

But, if my hypothesis is truly the case it kind of pulls the picture together. There's got to be some reason, one they are not sharing with us, as to why they haven't deep sixed some of these banks.
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 01:33 PM
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1. Huh..good alternative argument. A strong possibility. n/t
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Bread and Circus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 02:16 PM
Response to Reply #1
3. I found this

http://money.cnn.com/2009/02/25/news/economy/citi_shareholder_outcomes.fortune/?postversion=2009022516

..So which Citigroup investors are left to possibly lose, at least in the short term? Most notable is Saudi Arabia's Prince Alwaleed bin Talal, the bank's largest individual shareholder..
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AngryAmish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 01:35 PM
Response to Original message
2. braaaaaiiinnnnsssss
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