Posts Tagged ‘Forbes magazine’

On Wednesday, January 20, 2010, Prince Alwaleed bin Talal was on the Charlie Rose show, and gave some candid assessments, most notably, about the current state of the U.S. First, some background:

CHARLIE ROSE: Prince Alwaleed bin Talal is here. He`s chairman of the Kingdom Holding Company, the Saudi investment firm with billions invested across the globe. “Forbes” ranks him as one of the world`s 25 wealthiest people. “Time” magazine once dubbed him the “Arabian Warren Buffett.”

His firm has major stakes in banks, real estate, hotels, and media companies. His largest investment is in Citigroup, the embattled bank where he is the largest shareholder.

Then, he made the following candid statements about the U.S.:

CHARLIE ROSE: And what do you think of America and our future?

ALWALEED BIN TALAL: I like to summarize, but if you want I can elaborate. America is down, not out.

CHARLIE ROSE: But that`s not good.

ALWALEED BIN TALAL: I know, but you`re down now.

CHARLIE ROSE: Down in what way?

ALWALEED BIN TALAL: There was a book written about the Islamic world “What Went Wrong.” I think right now you could write a book about the United States what went wrong politically, economically, financially, you know, the crisis that you`re in right now. You`re a mess. You are in a mess in the United States. I have to be honest with you, because I love the United States. I admire the United States.

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