After losing almost 13 Billion dollars the Saudi Prince has decided to increase his holdings of Citi after its shares lost 25% overnightto a 13-year low. Shares of Citigroup have fallen 78 percent this year however Alwaleed says he is “fully confident that Citigroup’s universal banking model and global franchise will make it a long-term winner in the financial services industry.”
By taking such a large single share of the Bank caution should be noted by the SEC and Federal Banking Committees as to who owns what portion of our debt along with the companies that offer retail and commercial services within the US.
With Anheuser-Bush being purchased by Belgium InBev and outside interests making moves on our infrastructure businesses like CSX, America’s largest rail freight line, the time for open policies vs protectionism may be at an end.
Unfortunately for America many of these deals are going through President Elect Obama’s financial advisor Warren Buffet who has been purchasing and selling holdings in these businesses much like Michael Douglas’s character in the movie Wall Street. Buffet is said to have made 1.3 Billion on his shares of Budweiser to InBev however his company Berkshire Hathaway has now lost 70% of its profits and is trading at an 8 year low.

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