File 031504
Email Chain on Saudi Arabia Financial Withdrawals and NYT Investigation (File 031504)
Email correspondence between Landon Thomas Jr. (NYT financial reporter) and Jeffrey E. discussing Saudi Arabia's financial movements, including a $200 billion withdrawal mentioned by a finance CEO, and Thomas's ongoing New York Times investigation into how low oil prices affected the personal finances of the Saudi royal family.
Summary
Landon Thomas Jr. contacts Jeffrey E. seeking insights for a New York Times investigation into the financial impact of low oil prices on Saudi Arabia's royal family. The email chain discusses Saudi Arabia's withdrawal of billions in dollars from investment funds like BlackRock, with one CEO reporting a $200 billion withdrawal. The conversation touches on the broader implications of Saudi financial movements, the 9/11 Saudi bill's political impact, and social media's role in widening the gap between Saudi elite expectations and public reality. Thomas also references his reporting on Abraaj and seeks potential sources for the investigation.
From: Thomas Jr., LandonSent: 10/19/2016 1:55:18 PMTo: jeffrey E. [jeeyacation@gmail.com]Subject: Re: Saudi moneyImportance: HighI have spoken to a lot of ceos of fund outfits who say Saudis have been pulling billions of dollars inseparate account money -- not just from BR. And plus I cant believe they would have so much tied upin lock ups.On Wed, Oct 19, 2016 at 9:48 AM, jeffrey E. <jeevacation@gmail.com> wrote:sorry, no good handle without diggingOn Wed, Oct 19, 2016 at 9:47 AM, Thomas Jr., Landon <I_________________________I> wrote:what is your back of the envelope guess as to much saudi money tied up in such funds?On Wed, Oct 19, 2016 at 9:43 AM, jeffrey E. <jeevacation@gmail.com> wrote:most of the saudi money is tied up in pe funds. no withdrawals allowed. and im not seeing much in thesecondary market. . blackrock is more money market, more like custodian than investor.On Wed, Oct 19, 2016 at 9:41 AM, Thomas Jr., Landon _____________________ wrote:Interesting. CEO of big finance form told me that Saudis (SAMA) have withdrawn $200 billionthat has been parked with usual suspects over past year or so. That number seem in line with whatyou know?On Tue, Oct 18, 2016 at 7:04 AM, jeffrey E. <jeevacation@gmail.com> wrote:words that you to refer to one thing, USA. the stock market / the Royal family, . are no longer veryuseful. In politics the USA meant the white house. now there is pentagon. cia, state, and congress inaddition, each feels empowered to act more independantly. stock market even in tech, needs biotech, consuner tech. infrastrucrue tech. etc. same with Royal family, there are 20k members of atribe, called the royal family, the words are misleading. if your article is focused on bin salman, orthe very top. no one is wondering where they can find the local costco.. but they are aware that amessage needs to be sent to their population , regarding the next 20 years,social media, and the selfie crowds post the best of everything, their cutest pictures the amazingfood , the luxury resorts. the masses see these things and as the difference between expectations andreality widen, the anger grows. trump has tapped in.with the passage of the 9 11 saudi bill, unlike the french revolution where it was the people of francethat revolted against their own aristocracty, with the internet and globalization of discontect it is now theamericans that can revolt against the saudi leadership. it is the americans that are demanding womendrive, not the saudisOn Mon, Oct 17, 2016 at 5:57 PM, Thomas Jr., Landon < > wrote:I have been called in to help on a big NYT investigation into how low oil prices have beeneffecting the personal finances of royal family in Saudi Arabia. Obviously they called in much oftheir cash from the likes of BlackRock and others but I thought you might have some ideas.Maybe some people to talk to?I would think its more than cutting down on yachts and private planes or selling real estate inParis, Istanbul, London.Any thoughts?HOUSE OVERSIGHT 031504PS: does my story on Abraaj get me a meeting with Gates next time he is in town:)Landon Thomas, Jr.Financial ReporterNew York Timeshttp://topics.nytimes.com/top/reference/timestopics/people/t/landon jr thomas/index.htnnlplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedLandon Thomas, Jr.Financial ReporterNew York Timeshttp://topics.nytimes.com/top/reference/timestopics/people/t/landon jr thomas/index.htmlplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofHOUSE OVERSIGHT 031505JEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedLandon Thomas, Jr.Financial ReporterNew York Timeshttp://topics.nytimes.com/top/reference/timestopics/people/t/landon jr thomas/index.htmlplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedLandon Thomas, Jr.Financial ReporterNew York Timeshttp://topics.nytimes.com/top/reference/timestopics/people/t/landon jr thomas/index.htmlHOUSE OVERSIGHT 031506