With the this threat to sell off $750B in US assets Congress more than ever must pass a bill that will allow 9/11 victims and their families to sue foreign govts like the Saudis. Many Americans have no doubt the Saudis hands are covered in blood playing a role in the worst terror attack in US history. Americans don’t want their dirty blood covered money.
The US is sitting on more oil and other energy related natural resources than the Saudis, we don’t need them. Let them sell off the assets, we need to take these economic hits anyway, the sooner the better, and in the bigger picture it would mean the Saudis won’t have America by the balls anymore. They aren’t our friends and never were, remember the heart of radical islam is Wahhabism that came from Saudi Arabia.
Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill
by Mark Mazzett|NYT
WASHINGTON — Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
The Obama administration has lobbied Congress to block the bill’s passage, according to administration officials and congressional aides from both parties, and the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon. The officials have warned senators of diplomatic and economic fallout from the legislation.
Adel al-Jubeir, the Saudi foreign minister, delivered the kingdom’s message personally last month during a trip to Washington, telling lawmakers that Saudi Arabia would be forced to sell up to $750 billion in treasury securities and other assets in the United States before they could be in danger of being frozen by American courts.
Several outside economists are skeptical that the Saudis will follow through, saying that such a sell-off would be difficult to execute and would end up crippling the kingdom’s economy. But the threat is another sign of the escalating tensions between Saudi Arabia and the United States.
The administration, which argues that the legislation would put Americans at legal risk overseas, has been lobbying so intently against the bill that some lawmakers and families of Sept. 11 victims are infuriated. In their view, the Obama administration has consistently sided with the kingdom…read more