Hello! You are part of a community of millions who seek out Democracy Now! each month for ad-free daily news you can trust. Maybe you come for our daily headlines. Maybe you come for our in-depth stories that expose corporate and government abuses of power and lift up the voices of ordinary people working to make change in extraordinary times. We produce all of this news at a fraction of the budget of a commercial news operation. We do this without ads, government funding or corporate sponsorship. How? This model of news depends on support from viewers and listeners like you. Today, less than 1% of our visitors support Democracy Now! with a donation each year. If even 3% of our website visitors donated just $10 per month, we could cover our basic operating expenses for a year. Pretty amazing right? If you visit us daily or weekly or even just once a month, now is a great time to make a monthly contribution.

Your Donation: $
Thursday, August 22, 2002 FULL SHOW | HEADLINES | NEXT: Imaginary Homicide? A Poor, Black, Retarded Man Is in An...
2002-08-22

Saudis Pull Some $200 Billion Out of the U.S., Family Members of 9-11 Victims Are Suing Saudi Nationals, and Saudi Nationals Are Suing the U.S. Government: A Look at the Increasingly Hostile U.S.-Saud

DONATE →
This is viewer supported news

The Financial Times reported yesterday that disgruntled Saudis have pulled tens of billions of dollars out of the US. One analyst said the total funds withdrawn by individual investors amount to $200 billion. Other bankers put the figure nearer to $100 billion.

The US-Saudi alliance was put under severe strain after September 11, when 15 of the 19 alleged hijackers were Saudi nationals.

The Financial Times said accusations that Saudi Arabia’s austere brand of Islam breeds terrorism and its charities finance Osama bin Laden’s al-Qaeda network have been perceived in the kingdom as attacks on Saudi society and its religion.

An analyst from the Rand Corporation said at a Pentagon briefing this month that Saudi Arabia was the "kernel of evil", exacerbating concerns among the country’s elite that they have become demonized in the US and their money is no longer safe there.

As part of the fight against terrorism, the US and Saudi authorities have been monitoring the accounts of dozens of Saudi companies and individuals, a move that alarmed Saudi merchants.

Guests:

  • Gregory Gause, Director of Middle East Studies at the University of Vermont and author of "Oil Monarchies: Domestic and Security Challenges in the Arab Gulf States."
  • Allen Gerson, co-counsel representing family members of 9-11 suing Saudi nationals, and co-author of "The Price of Terror". Gerson sued the government of Libya for the bombing of Pan Am 103 over Lockerbie, Scotland.

Recent Shows More

Full News Hour

Stories

    Peoplesclimatemarchjustseedsimage
    A People’s Climate Movement: Indigenous, Labor, Faith Groups Prepare for Historic March
    New York City is set to host what could be the largest climate change protest in history. Organizers expect more than 100,000 people to converge for a People’s Climate March on Sunday. Some 2,000 solidarity events are scheduled around the world this weekend ahead of Tuesday’s United Nations climate summit. We spend the hour with four participants representing the labor, indigenous, faith and climate justice communities: Rev. Dr. Serene Jones is the president of Union Theological Seminary, which recently voted to divest from fossil...

Creative Commons License The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.