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.
To be fair, their is nothing anti profit in the Quran... what the sharia law says is you CANNOT PAY or even EARN INTEREST... which means the "profit or fees" must be up front...
IE I can't borrow from a muslim 10,000 for 1 year at 10% interest... but I can borrown from him 10,000 for one year and agree to pay him 11,000 back at the end of the year. I find it kind of amusing, and frankly I'll pay straight interest all day long VS compounding anyway.. which these arrangements usually wind up looking like.
Fact is though most Muslims, do not follow this rule religiously.