Wall Streeters get that MBS is no saint, but Sleepy Joe’s weak hand makes the crown prince a necessary evil. Biden should take their advice and focus on some real enemies.
Some of Wall Street’s top CEOs spent the last week on a diplomatic mission to Saudi Arabia. It wasn’t touted as diplomacy, of course. The financiers who attended the Future Investment Initiative in Saudi Arabia, known as “Davos in the Desert,” are a well-scripted bunch who prefer to keep their dealings private whenever possible.
Rather, I am told by people with knowledge of the matter that the real reason so many top CEOs attended the conference was to forge a truce between the Saudis and the Biden administration.between the two longtime allies is bad for business, both the CEOs’ and that of the US. It will embolden the aims of our common enemy, the terrorist regime in Iran, and drive the Kingdom further into the hands of our rivals, Russia and especially China. . Plus the bickering will do nothing to satisfy our energy needs and save Sleepy Joe Biden’s presidency.Anadolu Agency via Getty Images
It’s the crown prince, Mohammed bin Salman — known by haters and admirers alike as MBS. When MBS became the Kingdom’s de facto ruler a few years ago, he was in charge of a country with enormous oil wealth and vast economic potential.He was also in charge of maintaining the somewhat uncomfortable relationship with us because of his country’s often lousy record on human rights.
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