AIG and Sharia Financing
ByThis is just so wrong. These people want to kill us and we the taxpayers are promoting their Sharia financing through AIG.
It appears that, through it’s 77.9% control of AIG’s equity and voting rights, the NYFed “sought to accomplish an illegal financial transaction through false means” by creating an “independent”: trust that was in fact not independent, placing it “in violation of federal anti-money laundering statutes (18 USC § 1956).” Here we elaborate a bit further, laying out the issue in the text of a letter submitted to Neil Barofsky, Special Inspector General for TARP (SIGTARP)– as the government takeover of AIG was accomplished using funds provided to the Troubled Asset Relief Program.
First, however, some context: Crucially, these facts were discovered while securities litigator David Yerushalmi and the Thomas More Law Center was representing Iraq War vet Kevin Murray in Murray vs. Geithner, et al. Mr. Murray is rightfully horrified that the very doctrines of the enemy he faced in combat would be promoted by the US government. Specifically, prior to the U.S. government’s takeover of the insurance giant AIG, the company was the world’s leading promoter of Shariah-compliant finance products and businesses. Bailing out and forcefully (and illegally) taking ownership of AIG put the American taxpayer in the position of advocating Shariah-compliant finance, which is troubling on many levels:
Read the whole damning report at Big Government.
H/T Michigan
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Sorry I didn’t contact you about the Sharia Financing before. In a nutshell, the Treasury Department gave a SF 101 class in November of 2009. I became aware of this crap when I saw GE had issued sukuk bonds (Islamic bonds, part of SF) a few months ago. Any entity that issues these bonds must have a Muslim sitting on the board, in order to determine which “charity” interest funds will go. That’s part of SF, as part of the interest earned on bonds must go to charity. Well, guess what types of charities these Muslims favor? Oh, you know, the types that tend to buy weapons to shoot at our soldiers.
That’s the nutshell version of Sharia Finance.
Lovely.