We bailed out AIG with TARP, which I think is one of the largest providers of Sharia compliant financial products.
We bailed out AIG with TARP, which I think is one of the largest providers of Sharia compliant financial products.
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that is a brilliant point. i had forgotten about that!
...as i recall, the first part in Europe (Bear Sterns?) also took down the Bank of Scotland? which also was a BIG backer of Sharia finance.
i’d be very curious in learn more, about how it all tied in.
(perhaps the Sharia loans, caused extra problems with accounting?)
i’m not too good on economics, i’m sure you know much more, or know others who do. so maybe you can find a way to mention that, on some money threads.
Everything Islam touches, it corrupts, or kills.