Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MamaDearest; azishot; All

“Source: Department of Homeland Security Office of Inspector General, ‘The Effects of USCIS Adjudication Procedures and Policies on Fraud Detection by Immigration Service Officers,’ September 2011.”

So is yet another Inspector General going to bite the obamadust? The report is from September. This is January.


146 posted on 01/03/2012 3:21:31 PM PST by MestaMachine (obama kills)
[ Post Reply | Private Reply | To 145 | View Replies ]


To: RnMomof7; All

On and on and on it goes....

Crosspost

http://www.freerepublic.com/focus/f-bloggers/2828278/posts

GOLDMAN SACHS SUBMITS: ISSUES ISLAMIC BOND PROGRAM AS CONFORMING TO SHARIA LAW
Atlas Shrugged ^ | 1/3/12 | Pamela Geller

Posted on Tuesday, January 03, 2012 6:18:29 PM by RnMomof7

Why should my taxpayer dollars be used to advance sharia finance? Goldman Sachs, one of the largest recipients of Obama’s redistribution of taxpayer money, is going Islamic. Many of Obama’s cabinet and appointed czars are directly connected to Goldman Sachs.

The Muslim Brotherhood is dictating Obama’s foreign policy, and now its financial policy as well.

Sharia finance prohibits investments in whole American sectors — tobacco, pork, alcohol and some forms of entertainment. Further, 2.5% must go to zakat (Islamic charity aka jihad). I do not want my money going to advance jihad and starve American business.

Where is the separation of mosque and state?

We need hearings on taxpayer dollars being used to fund Islamic finance (thereby funding jihad and prohibition on whole American business sectors).

Goldman Defends Islamic Bond Program as Conforming to Sharia Law Advisor One Firm counters charges that funds could be used for purposes unlawful under Islamic rules A program begun by Goldman Sachs in October to offer a $2 billion sukuk that conforms to sharia law has been defended by an advisor to the firm. The program, registered with the Irish Stock Exchange and issued through a Cayman Islands-registered special purpose vehicle, Global Sukuk Co Ltd., was undertaken to issue a sukuk (Islamic bond program) based on murabaha, a cost-plus-profit arrangement that is compliant with Islamic law.

However, according to a Reuters report, there have been criticisms of the program from some analysts, who say Goldman might use the proceeds to lend money to clients who would have to pay interest; that would be against Islamic law. Other assertions are that the issue might not trade at par value on the Irish exchange, which also is a violation of sharia law.

If either charge is true, it could have detrimental effects on other financial institutions that might want to enter the field of Islamic finance, which has been largely unaffected by the turmoil in other markets and offers an opportunity for Western banks to raise money from its billions in investment funds. Islamic law, though, forbids the charging of interest and making money through pure speculation.

In May HSBC’s Middle East unit Amanah became the first Western bank to issue a sukuk, with a $500 million Islamic bond that will mature in five years. French bank Crédit Agricole is also considering either issuing an Islamic bond or creating a broader sukuk program that could spawn several issues.



147 posted on 01/03/2012 3:31:03 PM PST by MestaMachine (obama kills)
[ Post Reply | Private Reply | To 146 | View Replies ]

To: MestaMachine
So is yet another Inspector General going to bite the obamadust?

Unlikely with an election coming up in November. It's all about perceived image until then.

Ipad passport scan gets man across US border

Snip: The anecdote is troubling because a scanned copy of a passport "is not a secure document," said MP Brian Masse.

"That could be altered, and could also lead to some precedents that would jeopardize [border] security," said Masse, NDP critic for US-Canada border relations.

Three North Koreans killed while trying to flee to China

The three poor farmers were crossing the Yalu River. Witnesses on the Chinese border say they saw border guards carrying away the bodies. Surveillance measures enhanced after the death of Kim Jong Il: the new regime wants to give a message of severity.

France toughens citizenship gauntlet

Snip: Nicolas Sarkozy’s government has just thrown up some tough new hurdles for would-be French citizens, requiring them to pass a difficult language test (foreigners will need to speak French at the level of a French 15-year-old) and swear allegiance to "French values," the Los Angeles Times reports. The new rules, which went into effect on Jan. 1, also forbid the new citizens from claiming “allegiance to another country while on French soil,” though dual nationality is still permitted.

Only six women fined since France's veil ban enforced

Snip: Controversy surrounded the law. Muslim leaders, most of them opposed to burkas, say the it stigmatises all followers of Islam.

Mr Gueant said police cited a total of 237 women but only six were convicted. He expressed surprise that nearly a quarter of the women police questioned had converted to Islam.

148 posted on 01/03/2012 3:35:53 PM PST by MamaDearest
[ Post Reply | Private Reply | To 146 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson