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>>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"

 
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>>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
Courtesy of Baracks buddies at Harvard

Great Show you sheeplebah Obamabotsapplause Way to Go voting for someone that you only know by his own "WORDS" and SPEECHES". They are not wasting any time getting us on the Sharia Highway...



[link to www.saneworks.us]


In association with the
Islamic Finance Project – Harvard Law School
November 6, 2008


1:00 p.m. to 5:00 p.m.
1500 Pennsylvania Avenue NW, Washington D.C


Seminar at the US Department of the Treasury:
“Islamic Finance 101”

November 6, 2008
1:00 p.m. – 5:00 p.m.
Department of Treasury, Washington DC


Purpose:

This forum is designed to help inform the policy community about Islamic financial
services, which are an increasingly important part of the global financial industry. The
Department of the Treasury, working with Harvard University’s Islamic Finance Project,
will host speakers from academia and industry to share information on the development
of Islamic finance, both in the United States and globally. The primary audience of this
seminar is comprised of staff from U.S. banking regulatory agencies, Congress,
Department of Treasury and other parts of the Executive Branch. For some in attendance,
this may be their first and only opportunity to learn formally about Islamic finance. We
expect about 100 people in the audience. The presentations will be short and focused,
directed toward policy makers rather than academics.
Program:

A. WELCOME (5-10 min):
Assistant Secretary Neel Kashkari

B. INTRODUCTION AND SEMINAR OVERVIEW (10 min):
Seminar Chair: Samuel Hayes, Professor Emeritus, Harvard Business School

C. PANEL I – OVERVIEW OF ISLAMIC FINANCIAL INSTRUMENTS AND
TRANSACTIONS (45 min):
Moderator: Samuel Hayes, Professor Emeritus, Harvard Business School


Speaker Presentation Topic


1. Mahmoud El-Gamal, Rice University
What is Islamic Finance?
2. Sarah Bell, Federal Reserve Bank of New
York
US regulation of Islamic financial
institutions
3. Yusuf Talal DeLorenzo, Shariah Capital Understanding shariah compliance

D. COFFEE BREAK (20 min)

E. EVOLUTION OF THE MARKET FOR ISLAMIC FINANCE (45 min):
Moderator: Mark Brady, Deputy Assistant Secretary for Services, US Department of
Commerce


Speaker Presentation Topic

1. Michael McMillen – Islamic Legal
Forum, American Bar Association
Legal trends in shariah compliant
finance

2. Rushdi Siddiqui, Dow Jones Indexes Overview of recent developments in
the global market for Islamic
financial services

3. David Loundy – VP & Corporate
Counsel, Devon Bank
US market for Islamic financial
services


Profile of Moderators and Speakers:


NEEL KASHKARI
Interim Assistant Secretary of the Treasury for Financial Stability and Assistant
Secretary of the Treasury for International Economics and Development, U.S.
Department of the Treasury
Neel Kashkari was designated as the Interim Assistant Secretary of the Treasury for
Financial Stability on October 6, 2008. In this capacity, Mr. Kashkari oversees the Office
of Financial Stability including the Troubled Asset Relief Program. Mr. Kashkari also
continues to hold the position of Assistant Secretary of the Treasury for International
Economics and Development, but his International Affairs responsibilities are delegated
to Assistant Secretary for International Affairs Clay Lowery while Mr. Kashkari serves as
Interim Assistant Secretary for Financial Stability.
Mr. Kashkari joined the Treasury Department in July 2006 as Senior Advisor to U.S.
Treasury Secretary Henry M. Paulson, Jr. In that role, he was responsible for developing
the President’s Twenty in Ten energy security plan, enhancing Treasury’s engagement
with India, particularly in the area of infrastructure development, and developing and
executing the Department’s response to the housing crisis, including the formation of the
HOPE NOW Alliance, the development of the subprime fast-track loan modification
plan, and Treasury’s initiative to kick-start a covered bond market in the United States.
Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman,
Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking
practice, advising public and private companies on mergers and acquisitions and financial
transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal
Investigator at TRW in Redondo Beach, California where he developed technology for
NASA space science missions such as the James Webb Space Telescope.


SAMUEL L. HAYES III
Jacob Schiff Professor of Investment Banking, Emeritus, Harvard Business School
Samuel L. Hayes, III, holds the Jacob Schiff Chair in Investment Banking Emeritus at the
Harvard Business School. He joined Harvard's faculty in 1970, prior to which he was a
tenured faculty member of the Columbia Business School. Hayes has a B.A. in Political
Science from Swarthmore College and an MBA (with Distinction) and D.B.A. from the
Harvard Business School. Hayes has published in journals such as Harvard Business
Review, Accounting Review, and Financial Management. He was a principal contributor
to the Harvard Islamic Investment Study. Hayes is the author or co-author of seven
books, including Islamic Law and Finance: Religion, Risk and Return, which he coauthored
with Frank E. Vogel of Harvard Law School. Hayes has consulted for a number
of corporations, financial institutions, foundations, and government agencies including
the Treasury Department, Justice Department, the Federal Trade Commission, the
Securities and Exchange Commission, and is a founding member of Harvard's Islamic
Finance Project Advisory Board. Hayes has been the invited speaker to many of the
major Islamic finance conferences held globally.


MAHMOUD A. EL-GAMAL
Professor of Economics and Statistics, Rice University
Mahmoud Amin El-Gamal Ph.D, is a Professor of Economics and Statistics at Rice
University in Houston, TX, where he is currently Chair of the Economics Department
and holds the endowed Chair in Islamic Economics, Finance, and Management. Before
joining Rice in 1998, he was an Associate Professor of Economics at the University of
Wisconsin in Madison. He has also worked as an Assistant Professor at the University of
Rochester, and the California Institute of Technology, as an Economist at the Middle-
East Department of the International Monetary Fund (1995-6), and as the first scholar in
residence on Islamic finance at the U.S. Department of Treasury (2004). El-Gamal has
published extensively on finance, econometrics, decision science, economics of the
Middle East, and Islamic transactions law. His recent books are Islamic Finance: Law,
Economics, and Practice, Cambridge University Press, 2006, and a major translation
project for classical Islamic law and its contemporary interpretations: Financial
Transactions in Islamic Jurisprudence, Dar Al-Fikr, 2003. Other publications have
included academic journal articles and book chapters on monetary and exchange rate
policies, foreign direct investment in the Arab world, growth and investment in various
Arab countries, and financial models for employment-generating small and medium
enterprises.


SARAH BELL
Senior Bank Examiner, Bank Supervision Group, Federal Reserve Bank of New York
Ms. Bell currently works in the FRBNY Investment Support Office. She is also part of
the internal FRBNY working group on Islamic finance and has worked on related issues
since joining the Bank in 2003. Before her current assignment, Ms. Bell worked in the
Credit Risk Department where she monitored financial institutions' commercial,
consumer and counterparty credit risk management. Prior to joining the Credit Risk
Department, she conducted financial analysis and risk monitoring in the Regional Banks
Department. Ms. Bell earned a BA degree in Political Economy from Princeton
University and a Masters in Public Policy from the Kennedy School of Government at
Harvard University.


YUSUF TALAL DELORENZO
Chief Shariah Officer, Shariah Capital
Shaykh Yusuf Talal DeLorenzo is a scholar of Islamic Transactional Law whose 30 year
career was featured in an August 2007 front page story in The Wall Street Journal. Based
in the Washington, DC area, he has served as a Shariah advisor to dozens of international
financial entities, including index providers, institutional investors, home finance
providers, international investment banks and a variety of asset managers. He is the
author of the three volume Compendium of Legal Opinions on the Operations of Islamic
Banks, the first English/Arabic reference on the fatwas issued by Shariah boards. In
addition, he wrote the introduction to Islamic Bonds, the 2003 book that introduced
Sukuk and transformed the world's Islamic capital markets. His work has appeared in
academic and industry journals and as chapters in books, including Euromoney's Islamic
Asset Management (2004), Islamic Retail Finance (2005), and Islamic Finance:
Innovation & Growth (2002). His entries on the terminology of Islamic finance appear in
The Oxford Dictionary of Islam.


MARK BRADY
Deputy Assistant Secretary for Services, U.S. Department of Commerce
Mark Brady oversees and manages three separate offices, which develop trade policy,
identify foreign market barriers, and analyze trends affecting the domestic and foreign
competitiveness for U.S. businesses in the service, tourism and finance industries. He
provides technical support to the United States Trade Representative during trade
negotiations. Additionally, Mr. Brady works to ensure that U.S. exporters have
competitive access to export finance through the Department of Commerce’s
representation on the Export-Import Bank and the Overseas Private Investment
Corporation. The services sector represents approximately 75 percent of the private sector
economy of the United States.
Prior to assuming that position, Mr. Brady was appointed to be the first Executive
Director of Corporate Partnerships for the U.S. Commercial Service. Prior to joining the
Administration, Mr. Brady was President of Manchester Partners, Inc., a corporate
financial advisory firm. He is a former member of the New Hampshire Legislature where
he represented district 2 and served on the Commerce Committee. He has written and
testified extensively on fiscal, health care, and environmental policy and successfully
sponsored legislation as a freshman legislator. He earned a degree in Economics from
the Whittemore School of Business and Economics, University of New Hampshire.


MICHAEL MCMILLEN
Lecturer-in-Law, University of Pennsylvania
Michael McMillen is a partner of Fulbright & Jaworski and works in the areas of Islamic
finance, project finance and structured finance. Although based in New York, he also
works extensively in the London, Riyadh and Dubai offices. He teaches Islamic Finance
at the University of Pennsylvania Law School, the Wharton School of Business, and
other institutions. Michael was the first Chair, and is the current Co-Chair of the
American Bar Association Islamic Finance Committee. He has twice received
Euromoney’s award for Best Legal Advisor in Islamic Finance. Michael has also
received the Sheikh Mohammed Bin Rashid Al Maktoum Award for Best Islamic
Finance Legal Advisor for North America. Michael works closely with the Islamic
Financial Services Board and has responsibility for three of the five capital markets
initiatives of the IFSB (securities and capital markets laws; the use of trust concepts; and
enforceability matters).
Michael received his Juris Doctor from the University of Wisconsin School of Law in
1976, his Doctor of Medicine from the Albert Einstein College of Medicine in 1983, and
his Bachelor of Business Administration from the University of Wisconsin in 1972.


RUSHDI SIDDIQUI
Global Director of the Islamic Index Group, Dow Jones Indexes
Rushdi Siddiqui is Global Director for the Dow Jones Islamic Market Indexes. In this
capacity he supervises more than 70 Dow Jones Islamic Market Indexes [equity, sukuk,
sustainability, etc.] that underlie hundreds of Shariah-compliant mutual funds, exchange
traded funds and structured products with total assets under management (AUM) of
US$7B. He also oversees the Dow Jones Islamic Market Index Shariah Supervisory
Board of international scholars. Mr. Siddiqui introduced the idea of building Islamic
indexes to Dow Jones in 1998 and since then has been a vigorous advocate for the
Islamic finance through his relationships with OIC global stock exchanges and
investment firms, speaking at conferences, teaching at universities, writing articles, and
conducting media interviews. He has received numerous awards in Islamic finance, and is
on the advisory of committees of DIFC's Islamic Finance Advisory Committee (IFAC)
and Islamic Capital Market Committee at UK Trade & Investment (UKTI).


DAVID LOUNDY
Corporate Counsel and Vice President, Devon Bank
David Loundy is Corporate Counsel, a Vice President, a member of the Board of
Directors for Devon Bank, and is in charge of the Islamic Finance Division for Devon
Bank at Devon Bank, David has created the products for the Bank’s Islamic finance
program, has worked to expand the Bank’s Islamic finance program out to cover 37
states, and designs the structures for all non-standard transactions. He has designed and
implemented more Islamic banking products in the United States marketplace than any
other banker in the U.S. He is working to create an off-shore investment company that
will allow for continued growth and expansion of the Bank's Islamic finance program.
Devon's program won the Sheikh Mohammed Bin Rashid Al Maktoum award in Islamic
Finance in the Category "Vision: North America."
Before joining Devon Bank, David worked as a law professor, a law school
administrator, as well as teaching in an executive MBA program, and worked as a lawyer
practicing in the fields of intellectual property and computer law, with a focus on Internet
law issues. He is a past chairman of the Illinois State Bar Association Intellectual
Property Law Section, and the Chicago Bar Association Computer Law Committee.
David has given more than seventy presentations and has more than one hundred
publications in his name. Some of his works have been translated into French, Japanese,
Turkish and Korean. David Loundy has a BA in telecommunications from Purdue
University, and a JD from the University of Iowa, College of Law, both with distinction.
He has completed the post-graduate diploma program from the Institute of Islamic
Banking and Insurance, and recently finished the Loyola University Family Business
Center’s Next Generation Leadership Institute.
Just A Stoner

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11/07/2008 09:10 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
dead
Free speech is not allowed on GLP, if the moderators or owner disagree with you... *POOF* ... I know from experience...
Just A Stoner

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11/07/2008 09:17 PM
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dead
 Quoting: Just A Stoner

jihad
Free speech is not allowed on GLP, if the moderators or owner disagree with you... *POOF* ... I know from experience...
THE PATRIOT  (OP)

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11/07/2008 09:30 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
dead

jihad
 Quoting: Just A Stoner

Seems that way. Too much weird and off the wall crap going on right now...
Anonymous Coward
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11/07/2008 09:34 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
i get nauseous reading arabic/muslim/and/or/islamofascist names.
Anonymous Coward
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11/07/2008 09:36 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
i get nauseous reading arabic/muslim/and/or/islamofascist names.
 Quoting: Anonymous Coward 545823



does this mean the traffic signs will be in arabic too?
Anonymous Coward
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11/07/2008 10:43 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
Would you be any less disturbed if it was FUNDAMENTALIST CHRISTIAN FINANCE 101 ?

That was what the other "option" presented.

What hasn't been pointed out is that this seminar was planned and organized before the election, giving credence to the understanding that our elections are bread and circus and they knew very well in advanced what the outcome would be and where it would be meant to lead us...

If their mccain backup plan had to be implemented the focus would have shifted to the other script... but it is no less foul and unacceptable.

The events ongoing and up coming were planned well in advance they illuminate the plan is moving along, as designed.
THE PATRIOT  (OP)

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11/07/2008 10:51 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
Would you be any less disturbed if it was FUNDAMENTALIST CHRISTIAN FINANCE 101 ?

That was what the other "option" presented.

What hasn't been pointed out is that this seminar was planned and organized before the election, giving credence to the understanding that our elections are bread and circus and they knew very well in advanced what the outcome would be and where it would be meant to lead us...

If their mccain backup plan had to be implemented the focus would have shifted to the other script... but it is no less foul and unacceptable.

The events ongoing and up coming were planned well in advance they illuminate the plan is moving along, as designed.
 Quoting: Anonymous Coward 493706

For starters, Islamic finance laws are based on Sharia law for starters.

Secondly, Christian teachings to not command us to kill unbelievers aka Infidels in Islam...

Both plans suck and yes, this whole thing has been staged and planned well in advance. Whether it be Obama or McCain, both our of the House of Windsor bloodline...
Anonymous Coward
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11/07/2008 10:52 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
You have unresolved grief about this election. Get some help.
THE PATRIOT  (OP)

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11/07/2008 10:58 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
You have unresolved grief about this election. Get some help.
 Quoting: Anonymous Coward 269684


I didn't vote for either one of them. I voted for Ron Paul and knew going in that he was not going to win, but voted my conscience. Grief? No. Surprised that the USA has turned into a nation chock full of sheeplebah that voted for a candidate without knowing anything about his past aside from just His "WORDS" and "SPEECHES". Absolutely.

Perhaps you should find somewhere else to take your Psychology practice eh?

Maybe you could try talking to these two. One is a habitual liar and the other is a Kenya Islamothug that is directly responsible for the slaughter of over 1000 people, 800 burned churches and 500,000 dislocated when he lost the election. I guess he figured that having his cousin Obama campaign for him would assure his victory.

Nope. Bloody Coup D'Etat insteadthwak
:obamadinga:



You seem to have some unresolved intelligence issues. Get some Education...
Anonymous Coward
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11/07/2008 11:21 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
When sharia Islamic law is instituted, we will see who has unresolved grief issues as well as unresolved whinny issues.

Get help now, cause you won't be able to afford it later.
You have unresolved grief about this election. Get some help.
 Quoting: Anonymous Coward 269684
Anonymous Coward
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11/08/2008 12:43 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
sharia better like 00buck up her ass.
Isaac Brock died for us

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11/08/2008 12:50 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
Enjoy paying two and a half times the value of your house to a bank that loaned you money created out of thin air.

Enjoy your retirement savings, when it costs you $5,000 to fill up your gas tank.

The nerve of these Moslems to criticise the sacred Christian principles of fractional banking and worthless fiat dollars!

Jesus loved money changers. He didn't drive them out of the Temple. He just ave them the day off with pay.
owner of an extensive collection of curios from the exotic orient
Anonymous Coward
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11/08/2008 01:01 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
Why can't I find any reference to this anywhere else?
Nothing at Treasury, nothing at the Islamic Finance Project,
nothing in any MSM source.
What gives?
Anybody have any luck?
Anonymous Coward
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11/08/2008 01:02 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
You're extremely paranoid, OP... you know that?

I hear SEROQUEL works wonders.
Anonymous Coward
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11/08/2008 01:03 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
sharia better like 00buck up her ass.
 Quoting: Anonymous Coward 504239


haha i got the joke.
Anonymous Coward
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11/08/2008 01:04 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
Why can't I find any reference to this anywhere else?
Nothing at Treasury, nothing at the Islamic Finance Project,
nothing in any MSM source.
What gives?
Anybody have any luck?
 Quoting: Anonymous Coward 523895


Maybe because it is bsflag
2600
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11/08/2008 01:15 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
Here is the info page for this:

[link to ifptest.law.harvard.edu]
2600
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11/08/2008 01:17 AM
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MSM source

[link to www.washingtontimes.com]
2600
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11/08/2008 01:24 AM
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In addition the Stop Shariah Coalition was at the National Press Club speaking out about this on Nov.6

[link to npc.press.org]
Benevolent Cannibal

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11/08/2008 01:51 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
What's wrong with Sharia Banking?
Anonymous Coward
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11/08/2008 02:01 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
FYI: The Islamic banks are NOT up shits creek, bacause they are not allowed to resell debt. They do make a decent profit and are pretty well grounded. AND THAT is why this course is being taught.

You check it out, not one Islamic bank is in trouble.
Anonymous Coward
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11/08/2008 02:07 AM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
What's wrong with Sharia Banking?
 Quoting: Benevolent Cannibal

your avatar suits you
Anonymous Coward
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11/09/2008 12:18 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
Why can't I find any reference to this anywhere else?
Nothing at Treasury, nothing at the Islamic Finance Project,
nothing in any MSM source.
What gives?
Anybody have any luck?


Maybe because it is bsflag
 Quoting: Anonymous Coward 507546


It's from the "Obama is a Muslim-communist-socialist-marxsit-incubator yanker outer" crowd that are in such denial and personal pain that his first and closest personal pick was a staunch Jew...who I'm guessing hates Muslims.

What else is there to do with such inventive minds in fear of withering ...but invent another "Crisis". A Chicago development project went under and a bunch of Muslims lost money...Sunrise, was it? Imagine our shock...a land development goes belly up in 2008. Que horrible.

And the weak links...there's not even anything on Drudge or Newsmax yet. May I quote Treasury Paulson, "We just love us some Muslim money. Got any more? We'll take care of it for you. Oh, BTW, could you loan us some more...we'll pay you back."

Signed, Rockefeller and Rothschild

LOLOL
Anonymous Coward
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11/09/2008 12:20 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
What's wrong with Sharia Banking?
 Quoting: Benevolent Cannibal


Jewish thieves won't control it.
Anonymous Coward
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11/09/2008 12:32 PM
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Re: >>>Only 2 Days after Election of Muslim Obama - US TREASURY meets to PROMOTE and TEACH "ISLAMIC SHARIA FINANCE 101"
They already do. That Sharia folk may get a little office in the corner talking to "their people" like the Spanish-speaking agents and tellers, but they hand it over just the same...just get the money in the bank.

Kind of like a form of socially responsible banking. A few more rules to cheer up the natives, but nothing that threatens the system.

They won't be setting "stoning-the-women tribunals" in JPMorgan Chase or Citi or B of A any century soon, so you can relax a bit.

It's a false flag for frustrated UK election losers. But I'm sure "god" will speak soon and find us many more traumas to huff and puff over.

Get your popcorn.





GLP