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Current Events & Hot Topics Current Events & Hot Topics

I Saw this on Facebook

Posted by on Oct. 7, 2012 at 10:27 AM
  • 4 Replies

Wonder what everyone else thought about it..

by on Oct. 7, 2012 at 10:27 AM
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Euphoric
by Bazinga! on Oct. 7, 2012 at 10:36 AM

 bump

Veni.Vidi.Vici.
by on Oct. 7, 2012 at 10:43 AM

Saudi Royal Backs Imam and Fox News

In an awkward moment on Fox News this week, a pundit suggested that a member of the Saudi royal family who has supported the bridge-building work of the imam behind a planned Muslim community center and mosque in Lower Manhattan “funds radical madrasas all over the world.” The awkwardness came from the fact — unmentioned by anyone on the Fox set — that the same Saudi, Prince Alwaleed bin Talal, also happens to be the second-largest shareholder in News Corp., the parent company of the Fox News Channel.

During his appearance on Fox News on Monday, Dan Senor, a former Bush administration official, hinted darkly that Feisal Abdul Rauf — an imam who was first recruited to promote religious tolerance in the Middle East on behalf of the United States government by the Bush administration — had, in the past, received financial support from a Saudi foundation established by a man with supposed radical ties. Mr. Senor did not mention the prince’s name but said:

The Kingdom Foundation, so you know, is this Saudi organization, headed up by the guy who tried to give Rudy Giuliani $10 million after 9/11 that was sent back, funds radical madrasas all over the world.

Last week, Sam Gustin pointed out on AOL’s Daily Finance blog that the prince owns a good portion of the channel on which he was vilified:

The stridency with which Fox News personalities attack the downtown Islamic center — red meat for the millions who tune in each night — is an example of the often uneasy relationship and occasionally diverging interests between many of News Corp.’s properties, in this case Fox News and its parent corporation. For example, News Corp.’s second-largest shareholder, after the Murdoch family, is Prince Alwaleed bin Talal, the nephew of Saudi Arabian King Abdullah, and one of the world’s richest men.

Through his Kingdom Holding Co., Alwaleed owns about 7 percent of News Corp., or about $3 billion of the media giant.

News Corp.’s two largest shareholders, Prince Alwaleed bin Talal and Rupert Murdoch, last year in the United Arab Emirates.

stacymomof2
by Ruby Member on Oct. 7, 2012 at 11:00 AM

I remember this came out a couple of years ago during the NY mosque debate.  I think people would be surprised how many businesses the Saudi royal family is involved in, they are really really rich, and many go to school in the US at prestigeous Ivy league schools.  Many are businessmen.

DSamuels
by Gold Member on Oct. 7, 2012 at 11:04 AM
*shrug*
Anyone can buy stock in a company. He must have thought it was a good investment.
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