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Like with sovereign bond defaulters or countries who have nationalised US owned assets: they would get sued in US courts. US courts would freeze and/or confisca
by steve19 7y ago
Like with sovereign bond defaulters or countries who have nationalised US owned assets: they would get sued in US courts. US courts would freeze and/or confiscate Saudi assets. Saudi Princes might find yatchs, private planes and super cars start getting impounded wherever lawsuits can be filed.
- rolltiide 7y agoThis is only listing on Riyadh’s stock exchange Good luck with jumping through all those hoops to invest and expecting recourse
- ChainOfFools 7y agowhat would prevent it from getting rolled up in an ETF and listed on, say, Nasdaq?
- throwaway2048 7y agothat does nothing to protect the underlying asset.
- darkteflon 7y agoThe Saudis engaged in a widely-publicised example of state-sanctioned murder of a US journalist last year with limited repercussions. I’d think twice before trusting in the rule of law where our politically expedient friends are concerned.
- twic 7y agoRight, but in the US, there's a big difference between murdering someone and taking investors' money.
- m0zg 7y agoKhashoggi wasn't a "US journalist" or a US citizen. He was a Saudi citizen, and he was killed on foreign soil. As despicable as the events were, let's not lose track of the facts here. WaPo calls him a "Saudi journalist and author": https://www.washingtonpost.com/people/jamal-khashoggi/ https://www.washingtonpost.com/people/jamal-khashoggi/ If you're appalled by this murder, do recall that our lord and savior Barack Obama droned US citizens he didn't like without trial in Yemen: https://en.wikipedia.org/wiki/Anwar_al-Awlaki https://en.wikipedia.org/wiki/Anwar_al-Awlaki So I'd say such extrajudicial executions are about par for the course for nation states.
- simonh 7y agoIt looks like the actual target of the drone was the Egyptian al-Banna. In any case, IMHO either you are able to target active terrorists without judicial overview or you're not, whatever their citizenship. I'm a Brit, so no skin in that particular issue, but for the record I have no problem with British jihadists that joined ISIS getting bombed. They made their choice.
- m0zg 7y agoI'm sure most Saudis don't have any problem with Khashoggi's killing either, for reasons that aren't too dissimilar to yours.
- simonh 7y agoThe Jihadis are murderous terrorists actively killing and sexually enslaving people. Khashogi was a journalist, and a very brave, honest and ethical one from what I can tell. I don’t see the similarity.
- lostlogin 7y agoHit squads with bone saws sawing people up in their embassies are not par for the course. This was an extreme event. Drone striking ones citizens is extreme too.
- m0zg 7y agoSure (assuming "bone saws" aren't made up by the Turks - they've never actually been demonstrated). But be that as it may, we're hardly fit to lecture others from our high horse.
- lostlogin 7y ago> But be that as it may, we're hardly fit to lecture others from our high horse. Could you explain this? Why can’t a group claim moral superiority for not butchering people? And what grouping of people does ‘we’ refer to?
- throwaway2048 7y agoThey might find that a completely acceptable tradeoff for hundreds of billions of dollars. Believing the Saudi government cares about the rule of law is a questionable proposition at best.