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Alwaleed and the Trump "bailout": Alwaleed, a Riyadh-based investor whose net worth Forbes estimates at $24.8 billion, is no stranger to Trump. As the International Business Times pointed out this week, investors tied to a firm controlled by Alwaleed purchased New York City's Plaza Hotel from Trump in 1995, in what the website called "a bailout valued at $325 million."
The New York Times noted at the time of the sale that Trump had bought the posh hotel for $400 million in 1988. Trump remained a minority partner in the hotel after the sale, the paper reported, but assumed "a substantially reduced role" in its operations.
"Mr. Trump bought the Plaza during the real estate boom of the 1980s, using borrowed money," the paper reported. "Additional debt was piled on the property over the next couple of years as he leveraged the landmark to buy the Eastern Airlines shuttle and to help pay the construction cost of his Taj Mahal casino in Atlantic City."
Trump sold the hotel to CDL Hotels International Ltd., which partnered with Alwaleed's investment firm, according to the Times report.
The Plaza isn't the only old Trump property Alwaleed has purchased: As BuzzFeed notes, a debt-ridden Trump sold his yacht, "The Trump Princess," to creditors in 1991; Alwaleed then bought the boat.
originally posted by: mekhanics
a reply to: nwtrucker
Meh... I'd bet you don't know the whole story ....
After Donald duck remarks about Banning Muslims entering the country, The Saudi prince tweeted this:
twitter.com...
Then the backlash:
twitter.com...
Really Mr Trump? Didn't he (the prince) bailed you out by purchasing your New York City's Plaza Hotel valued $325 million & more? You should've thanked him for saving your bankruptcy as*s!
Alwaleed and the Trump "bailout": Alwaleed, a Riyadh-based investor whose net worth Forbes estimates at $24.8 billion, is no stranger to Trump. As the International Business Times pointed out this week, investors tied to a firm controlled by Alwaleed purchased New York City's Plaza Hotel from Trump in 1995, in what the website called "a bailout valued at $325 million."
The New York Times noted at the time of the sale that Trump had bought the posh hotel for $400 million in 1988. Trump remained a minority partner in the hotel after the sale, the paper reported, but assumed "a substantially reduced role" in its operations.
"Mr. Trump bought the Plaza during the real estate boom of the 1980s, using borrowed money," the paper reported. "Additional debt was piled on the property over the next couple of years as he leveraged the landmark to buy the Eastern Airlines shuttle and to help pay the construction cost of his Taj Mahal casino in Atlantic City."
Trump sold the hotel to CDL Hotels International Ltd., which partnered with Alwaleed's investment firm, according to the Times report.
The Plaza isn't the only old Trump property Alwaleed has purchased: As BuzzFeed notes, a debt-ridden Trump sold his yacht, "The Trump Princess," to creditors in 1991; Alwaleed then bought the boat.
mic.com...
So, prince was using daddies money huh? What a F****** hypocrite!
Pamela Geller (born June 14, 1958)[6] is an American political activist[7] and commentator. She is known for her opposition to the proposed construction of an Islamic community center near the former site of the World Trade Center, and sponsorship of the "Draw the Prophet" cartoon contest in Garland, Texas. She has been described as anti-Islamic[8] which she denies, preferring to describe herself as opposing Islamism.[1] She says her blogging and campaigns in the United States are against what she terms "creeping Sharia" in the country. Multiple groups have described her as Islamophobic.[1][9]
She is currently the president of the American Freedom Defense Initiative which she co-founded with Robert Spencer.[10][11] The American Freedom Defense Initiative has been designated an anti-Muslim hate group by the Southern Poverty Law Center.[12] The British government barred Geller's entry into the UK in 2013 saying her presence would "not be conducive to the public good."[13] She and Spencer co-authored the book The Post-American Presidency: The Obama Administration's War on America in 2010.[5]
The Huffington Post has called her "far right", as have other media sources[1] while others, such as the BBC, contrast her right-wing support for small government with her socially liberal positions.[14]
It would be troublesome but perhaps acceptable for the House of Saud to promote the intolerant and extremist Wahhabi creed just domestically. But, unfortunately, for decades the Saudis have also lavishly financed its propagation abroad. Exact numbers are not known, but it is thought that more than $100 billion have been spent on exporting fanatical Wahhabism to various much poorer Muslim nations worldwide over the past three decades. It might well be twice that number. By comparison, the Soviets spent about $7 billion spreading communism worldwide in the 70 years from 1921 and 1991.
This appears to be a monumental campaign to bulldoze the more moderate strains of Islam, and replace them with the theo-fascist Saudi variety. Despite being well aware of the issue, Western powers continue to coddle the Saudis or, at most, protest meekly from time to time.
For instance, a Wikileaks cable clearly quotes then-Secretary of State Hillary Clinton saying "donors in Saudi Arabia constitute the most significant source of funding to Sunni terrorist groups worldwide." She continues: "More needs to be done since Saudi Arabia remains a critical financial support base for al-Qaeda, the Taliban, LeT and other terrorist groups." And it's not just the Saudis: Qatar, Kuwait and the United Arab Emirates are also implicated in the memo. Other cables released by Wikileaks outline how Saudi front companies are also used to fund terrorism abroad.
The money goes to constructing and operating mosques and madrassas that preach radical Wahhabism. The money also goes to training imams; media outreach and publishing; distribution of Wahhabi textbooks, and endowments to universities and cultural centers.
originally posted by: Sremmos80
a reply to: nwtrucker
Yes going on and on about how the left loves Saudi is fine and draws no attention from you but as soon as some points out that hey, the right plays ball with them too, it is now off topic.
Or was it about the Isreal topic that you brought up?
Strange how that works out.
originally posted by: Xcathdra
So the article linked is actually from July 2015. The article itself is linked back to Pamela Gellers website, which in turn links to wikileaks and diplomatic cables. The wikileak article itself talks about the Saudi Media and how it operates in the middle east.
Where is the connection to the US and islamization of the US?
OP link - Saudi Prince Alwaleed bin Talal, a senior member of the Saudi monarchy, says he’ll pledge his $32 billion to advance the islamization of America.
At the end of the article is a source link - Pamela Gellers website
Saud i Prince Pledges $32 Billion to Promote Islam/Sharia in America
What was the source for that article?
Wikileaks - The Saudi Cables - Buying Silence: How the Saudi Foreign Ministry controls Arab media
Who is Pamela Geller -
Pamela Geller (born June 14, 1958)[6] is an American political activist[7] and commentator. She is known for her opposition to the proposed construction of an Islamic community center near the former site of the World Trade Center, and sponsorship of the "Draw the Prophet" cartoon contest in Garland, Texas. She has been described as anti-Islamic[8] which she denies, preferring to describe herself as opposing Islamism.[1] She says her blogging and campaigns in the United States are against what she terms "creeping Sharia" in the country. Multiple groups have described her as Islamophobic.[1][9]
She is currently the president of the American Freedom Defense Initiative which she co-founded with Robert Spencer.[10][11] The American Freedom Defense Initiative has been designated an anti-Muslim hate group by the Southern Poverty Law Center.[12] The British government barred Geller's entry into the UK in 2013 saying her presence would "not be conducive to the public good."[13] She and Spencer co-authored the book The Post-American Presidency: The Obama Administration's War on America in 2010.[5]
The Huffington Post has called her "far right", as have other media sources[1] while others, such as the BBC, contrast her right-wing support for small government with her socially liberal positions.[14]
So again the question -
Where is the connection to the US and islamization of the US?
There isn't one. The cables are being distorted as are the Saudi Princes position.
ABSOLUTELY
originally posted by: BASSPLYR
personally i feel we should invade Saudi arabia. dispose their govt and leaders and make it a banana republic for usa oil. take out the middle men altogether (the saudies) and send them all back to living as nomads in tents in the desert where they belong, or at least until they get out of the middle ages.
their riches, their "KINGDOM" is all bs propt up by an army of westerners, without whome they couldn't even get a toilet to flush properly. they wanna spread wasabi, whabbi'ism or whatever do it from their wandering tents.
time to cut them from their gravy train of monthly stipends given to them for the oil they don't even know how to harvest from the western world.
ie get in where you fit in, and if you can't this jdam can help. takeout the middle man and give the oil money directly to western interests. to hell with Saudi arabia.
originally posted by: nwtrucker
originally posted by: buster2010
a reply to: nwtrucker
Perhaps the U.K.'s biggest ally in the ME. For the U.S.? I think not. Long memories here. 9/11 being first and foremost. We don't need ME oil. Simple.
Bush and company swept the Saudis involvement in 9/11 under the rug just like they did Israels involvement in 9/11.
Israel is the U.S.'s biggest ME ally.
Keep telling yourself that maybe one day it will come true. Israel isn't our biggest ME ally they are our biggest ME welfare dependent.
I really believe the U.S.'s inaction on the Saudis is a appeasement of the U.K./EU. I have no evidence to back that suspicion up other than it's the only thing that makes sense....
Actually it's due to treaties we have signed with SA.
Sorry, Buster, but your not twisting yet another thread off topic. We know where your loyalties lay. EAST.
Get on topic or butt out....please.