"Saudi foreign minister, national security chief both met with Obama in the Oval Office in early 2013."
Ouch.
That doesn't necessarily mean anything without knowing if this subject was brought up at the meeting. But yeah, somewhere a screw-up clearly occurred.
Yeah, the odds that they said to him "there's this guy in Cambridge..." and nothing happened are nil, but we do have to learn more about what someone in the administration knew and who dropped the ball. Random radicalized guy on watch lists != Bin Laden, but still to be tracked.