Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill

There may just be some other kind of fallout, Saudi Arabia should be more concerned about.

...and the 22 redacted pages

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 and has thwarted their efforts to learn what they believe to be the truth about the role some Saudi officials played in the terrorist plot.

“It’s stunning to think that our government would back the Saudis over its own citizens,” said Mindy Kleinberg, whose husband died in the World Trade Center on Sept. 11 and who is part of a group of victims’ family members pushing for the legislation.

http://www.nytimes.com/2016/04/16/wo...bill.html?_r=0

Think they have the balls to pull off a terrorist attack here in the US on their own for once?

We just spent years invading and destroying two countries that had nothing to do with 9-11.

and personally,, I don't like threats.

Originally Posted by pcosmar

We just spent years invading and destroying two countries that had nothing to do with 9-11.

and personally,, I don't like threats.

I thought, that as policy, the U.S. doesn't give in to terrorist demands so as not to encourage them.

This would be a declaration of war by Saudi Arabia,

Let the Kingdom of crap sell off the billions in assets .Who cares ?

They are worried about getting sued, so they threaten to damage the US economy??

Did they forget what happened to Iraq when Saddam threatened to switch to euros?

Originally Posted by LibertyRevolution

They are worried about getting sued, so they threaten to damage the US economy??

Did they forget what happened to Iraq when Saddam threatened to switch to euros?

Did they forget what happened to Sydney Berstein???






and merge http://www.ronpaulforums.com/showthr...sses-9-11-Bill

Originally Posted by jkob

This would be a declaration of war by Saudi Arabia,

More like a blackmailish bribe.... and a confession.

I like it.

Two guilty parties fighting over who should hang first.

Originally Posted by FindLiberty

...and the 22 redacted pages

22 pages? I keep hearing about the 28 pages. Is this something else?

Originally Posted by asurfaholic

I like it.

Two guilty parties fighting over who should hang first.

+rep

Originally Posted by Zippyjuan

Oil exporting countries (including Saudi Arabia) hold $281 billion in US Treasuries.

uh huh

so what?

Originally Posted by Zippyjuan

Oil exporting countries (including Saudi Arabia) hold $281 billion in US Treasuries.

That means the other 500b would be real assets we could just seize.

The bill is an anomaly in a Congress fractured by bitter partisanship, especially during an election year. It is sponsored by Senator John Cornyn, Republican of Texas, and Senator Chuck Schumer, Democrat of New York. It has the support of an unlikely coalition of liberal and conservative senators, including Al Franken, Democrat of Minnesota, and Ted Cruz, Republican of Texas. It passed through the Judiciary Committee in January without dissent.

I must have missed it. What bill are they talking about?

And what were Paul Ryan and other congressional leaders doing in Saudi Arabia last week?

Originally Posted by LibertyRevolution

They are worried about getting sued, so they threaten to damage the US economy??

Did they forget what happened to Iraq when Saddam threatened to switch to euros?

I think they are worried that their assets would be seized, which seems like a valid concern, because FFS - the courts just ruled Iran was responsible. Which is nuts.

If the shysters can make a case for seizing Iranian assets, it should not be hard for them to make a case seizing Iranian assets.

Originally Posted by Brian4Liberty

I must have missed it. What bill are they talking about?

And what were Paul Ryan and other congressional leaders doing in Saudi Arabia last week?

Manufactured reason for SA to dump their dollar holdings since the petrodollar standard (of which SA oil is the main linchpin) is ending. If Ryan is there, he's probably working out the game plan to get Congress to pass the bill just so SA can have their excuse to dump.