November 23, 2010, - 3:31 pm

OUTRAGE – Warned Ya: Saudi Terrorism Financier Owns Tax-Bailed GM

By Debbie Schlussel

Welcome to PAWN-GM: Prince Al-Waleed’s “New” General Motors.

I warned you.  Before General Motors’ Initial Public Offering of “the new GM” stock, I told you that GM approached Kuwait, Qatar, and Saudi Arabia to get their sovereign wealth funds to purchase the stock.  You know, the stock that is healthy because you–the American taxpayer–financed the bailout of General Motors.  And my warning was spot on.

princealwaleedgiuliani.jpg

PAWN-GM: You Paid For It, Now Prince Al-Waleed Owns It

Now, Saudi Prince Al-Waleed Bin Talal (yup, the same Saudi who owns FOX News and the Wall Street Journal)–the major donor to Palestinian homicide bomber telethons and the man who demanded that Rudy Giuliani change American foreign policy on Israel in exchange for 9/11 victim cash–owns GM.  He owns 1%, which is a heck of a lot, and if the company continues to succeed, he’ll invest more, as he’s done with FOX News’ News Corp.    With such a big investment, don’t be shocked if the extremist billionaire prince gets a seat on GM’s board. And the little guy–you and me–never had a chance to buy much more than a couple shares of the new GM. Big foreign investors like him–who didn’t bail out GM, but plundered the rewards–were the ones with the access. The Islamic vultures come “home” to roost. Dar Al-Harb without even having to use the Harb (sword).

Saudi billionaire Prince Alwaleed bin Talal said he now holds 1% of General Motors, for which he paid $500 million.

Alwaleed’s purchase, announced by his investment firm Kingdom Holding, is the second large investment in GM by a single investor to be disclosed. The Saudi prince’s stake is about the same size as SAIC Motor Corp. GM’s partner in China, which acquired 0.97% of GM when the U.S. Treasury sold about 358 million shares of the automaker for $33 each.

And on that note, it’s time to inaugurate GM’s new name, “PAWN-GM”:  Prince Al-Waleed’s “New” General Motors.  In so many ways, that name is on the money.  American taxpayers’ funds were pawned for a pan-terrorist Saudi Prince’s ownership of GM.

It’s a dangerous precedent, since GM has many defense contracts.  Will Prince Al-Waleed have access to classified defense contracts?  Will the Pentagon do anything to limit his access?  If not (which is likely), will Prince Al-Waleed share the information about what the U.S. Armed Forces are buying from GM and how many?  Will  he leak technology and other top secret info to his jihadist buddies?

Don’t bet against it.  And don’t bet on his network, FOX News a/k/a PAWNN (Prince Al-Waleed’s News Network) and PAWN (Prince Al-Waleed’s Newspaper a/k/a the Wall Street Journal) asking critical questions about this.  Or covering these important issues when they arise.

Giving Communist China and an extremist, terrorist-financing Muslim prince the booty after US taxpayers financed it . . . yeah, that’s the ticket (to our destruction).

I’ll have to make an addendum to what I usually say: remember the good old days . . . when the Japanese owned everything?

Now, it’s: remember the good old days . . . when the Japanese owned everything . . . and you didn’t bail it out for them to reap the rewards?

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12 Responses

This seems to be the economic direction President O’Bama is taking the United States. I suppose we shouldn’t be surprised that the two largest investors in the new GM are China and Saudi Arabia.

There is NO Santa Claus on November 23, 2010 at 4:02 pm

Yup. The Muslim World get first dibs (along with the Chinese) at buying up American companies.

Am I shocked? Not! This is what shovel-ready “redistributing the wealth around” means and its not to Americans.

NormanF on November 23, 2010 at 4:04 pm

Debbie,
You said something EXTREMELY important regarding GM and defense contracts. Not only GM, but many ‘US’ companies that are not really ‘US’ any longer. Who is to judge whose side they will EFFECTIVELY take in the case of war? eg. What country does IBM REALLY belong to?
As a first-run scenario, if sensitive information is available to US allies (Australia, India, Israel,Canada, UK, etc) there might be some concern. But here we have scenario 2: the likelihood of sensitive information available to non-allied nations, some of which have ties to terrorist groups. It’s only a matter of time until something goes wrong….way wrong.

Not Ovenready on November 23, 2010 at 6:08 pm

Well, the U.S. Government cheated GM’s bondholders out of massive amounts of money. The company won’t be able to effectively compete against the Asian carmakers, or even Ford; it was standing still for a year while they were moving forward, and was way behind even then. The media hype for them is mindless. You can bet if the Saudis lose money on GM the US Govt will find some way to make them wholler than whole, but poor slobs like us will lose our money, and do you think anyone cares?

Little Al on November 23, 2010 at 6:49 pm

For his 1% can he just take that POS volt as a boobie prize and go home? What will a guy do when he owns oil fields and the car company he owns wants to make electric cars?

ender on November 23, 2010 at 8:55 pm

And Obama running around tooting his own horn about how the GM bailout was the right thing to do. Sorry Pres. Ears, but nothing justifies cronyism and corporatism. GM should’ve been allowed to fail.

Cuinn on November 24, 2010 at 1:40 am

Good point about the defense contracts GM owns, however this completes George Bush’s Dubai Ports deal in a roundabout way. Think of all the imports and exports GM is involved in.

Anthony on November 24, 2010 at 5:47 am

A couple of years back I went to the “new” Bloomingdales in NYC – each shopper was automatically entered into a contest in which the grand prize was a trip to Dubai! And this in NYC where there is a sizable Jewish population. My understanding is that a Jewish person cannot enter Dubai. That made me wonder who really owned “Bloomies” and perhaps explained why the store offered such a poor selection – unlike the in good old days. (& poor taste in clothing is the least it)

Cat K on November 24, 2010 at 7:37 am

    “My understanding is that a Jewish person cannot enter Dubai.” Jews can go there matter of fact is there are a few jewish business men who are doing businesses in Dubai too. If you consider youself American than you can travel there since US has a deplomatic relation with all middle eastern countries, except Iran. If you are from Israel than you can not travel to UAE because Dubai and Israel do not have diplomatic relations.

    sher on April 15, 2011 at 4:54 pm

@Cat K, you have that wrong, I’m afraid. Dubai doesn’t recognise Israeli passports, but they have no problem with American ones, or any other country for the most part, regardless of the person’s religion. I make no comment about the suitability of such a prize, but only comment in the interests of accuracy.

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shakila. on July 13, 2011 at 3:21 am

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