Tuesday, February 02, 2010

AIG Brought Up On Charges For Promoting Sharia Finance With Federal Money - Judge Is A Muslim

From Atlas Shrugs:

The nationalized AIG Commercial Insurance, via its RSC company, is introducing what it says is a first in the U.S.: a homeowner's insurance product that is compliant with key Islamic finance tenets. Shariah (Islamic) finance adheres to shariah (Islamic) law, which countermands the rule of law in this country. Shariah abrogates the Constitution. This is subversion and is legally actionable. But what if the judge in a case such as that is a practicing Muslim?

Tim Geithner is in direct violation of the federal anti-money laundering statutes.

And now the US government is trying to cover up Geithner's blatantly illegal activity by barring Geithner's deposition?

GC Baxter and Geithner both testified last Wednesday that they did not put the screws down on the AIG counterparties, because it would have been unethical and illegal to do so. But how in the world did they come to the conclusion that they could illegally acquire 80% of AIG when the FRBNY had already (and legally) acquired 100% of AIG’s assets as secured collateral? It was a pure power grab to wrest total and absolute control—and one for which they all knew they had no legal authority to do straight up, which is why they used the Trust artifice.

US Urges Judge to Bar Geithner Deposition in AIG Sharia Lawsuit

U.S. Magistrate Judge Mona Majzoub is scheduled to hear arguments Feb. 8.

Coincidentally, the judge is an Arab American Muslim.

Backstories on the AIG – sharia lawsuit here.
Go to Atlas Shrugs and read the whole thing.


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