Tag Archives: Robert Mosbacher

Baker Family Tumbleweed

1988-sd-before-trip-to-hawaii_002(Excerpted from Chapter 9: The Texas Oil Mafia: Big Oil & Their Bankers…)

In the mid-1980’s Texas oil crash, when Houston office space could hardly be given away, Sheik Khalid bin Mahfouz assumed his familiar sugar daddy role when he teamed up with another Saudi billionaire, Rafik Hariri, to bail his Texas oil buddies out of their overpriced Houston office property. Continue reading