November 23, 2010, - 3:31 pm
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.
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?
Tags: Billionaire, China, FOX News, General Motors, GM, Initial Public Offering, IPO, Islam, Islamic Terrorism, Kingdom Holding, Kingdom Holdings, Muslim, Palestinian Terrorism, PAWN-GM, PAWNGM, Prince Al-Waleed, Prince Al-Waleed Bin Talal, Prince Al-Waleed's New General Motors, Prince AlWaleed, Prince AlWaleed Bin Talal, Saudi Arabia, Saudi Prince, terrorism telethon