Here's another storie from Freddie Mac on the same program. DEVON BANK, FREDDIE MAC ANNOUNCE EXPANDED FINANCING OPPORTUNITIES FOR MUSLIM HOMEBUYERS
WWWWWWWhhhhhaaaatttttt!!!!! Discrimination with our taxpayer dollars. Sh*t!
The U.S. Dep't of Defense should provide a program that provides interest-free loans of weaponry to jihadists living in this country. We can never be too sensitive to the needs and wants of those who follow a death cult based on a man who molested little girls. /sarcasm
This is available to everyone right?
I assume then, that there will no tax deducton for interest, because it's not charged?
Or is this just another example of discrimination?
The single most racistt entity in our society is the fedral government.
I just changed my name to Ashmil! time to refi
What gimmick is this? Islam forbids taking interest on money LENT by Muslims, not paying interest on money BORROWED from others, as far as I know.
Nice, evil way for Muslims to be preferentially treated over others who have to pay interest to keep the banks working. Don't worry, the money lost to the Muslims will be pinched from the pockets of the "infidels".
This is racketeering.
While I don't approve of the goverment involving itself in schemes tailored to meet the needs of a particular religious group, this financing arrangement is definitely not cheaper than the regular interest-bearing loans the rest of us buy houses with. In fact it's almost certainly a bit more expensive, due the extra transactions built in. It avoids the Muslim prohibition on paying "interest", but this is only semantic. The interest is getting paid, but by an intermediary, from whom the Muslim enters into a "lease with option to buy". You can be sure the intermediary is making a few bucks on each deal.
If this arrangement saved a penny, everybody would be taking advantage of it, since it is most certainly not actually restricted to Muslims. Anybody can do it; it's just that the rest of us don't want to.
CALLING MARK LEVIN! We need you and Landmark to raise some noise about this!
Hey, what about financing a cave in Tora Bora?
Isn't this financial profiling?
I can just see the foreclosure situation here.
A scene straight out of the Middle East.
"We are here at Abdulas home where the evil bank is serving foreclosure papers. The large crowd of hooded young men are chanting "Death to America".....
Lease with option to buy = screwing customer
Is this not totally illegal on so many different levels: Separation of church and state, discrimination, breaking the fair housing clause (by law we cannot discriminate based on blah blah blah religion, ethnicity, sexual preference blah blah blah)?
Freddie Mac’s agreement to invest in the mortgages underscores its commitment to expand homeownership opportunities for all of America’s households,
Gee, will they go out on such a limb for me? Not likely. Isn't that religious discrimination against non-Muslims? Who likes to pay interest?
This IMO is good.
The MORE money they pay for their house, less money they have to fund islamic "charities" AKA terrorist finance fronts.
So if I go get some Muslim garb, and go apply with Freddy Mac, I'll get a no interest loan?! Where do I sign up? How do they verify that I'm not a Christian? Can we sue them for religious discrimination?!
Why don't they just waive the credit and residency check, and give away everything to these "religious of peace".
And this is the type of civilization the Islamists are trying to foist on the rest of the world - a world where there is no profit, no technology (not in the Koran, ya know) better than a camel's back, and no individual liberty.
By participating, isn't Freddie Mac approving of such a world? Isn't this directly contrary to what we're trying to do in Iraq? Develop a pluralistic society where none existed before?
I wonder sometimes what these people are using for a brain. It certainly isn't something capable of logic.
Just so you guys know.... Arabs here in Michigan enjoy a no tax incentive for 5 years if they open up a gas station...then at the end of 5 years, they put the business in a cousins name to avoid another 5 years of taxes. Nice eh? IMPEACH GRANHOLM!