Shariah Finance Watch writes, "GE’s involvement with promoting Shariah, the barbaric doctrine of the enemies that seek to replace capitalism, end free speech, eliminate rights for women and phase out self-determination, should come as no surprise given their shameful business partnership with the Jihadist regime in Iran, which ended only after media and shareholder scrutiny just resulted in too much heat for GE’s management."
GE Capital plans $1 billion Islamic bond: report hat tip TCDUBAI (Zawya Dow Jones) -- General Electric Capital Corp. plans to sell up to $1 billion of Islamic bonds, or sukuk, as early as next week, a banker aware of the deal said Sunday.
GE Capital will meet investors in London following a roasdshow [sic] in Dubai today and in Asia last week, the banker told Zawya Dow Jones.
"The size isn't final yet but it's a benchmark sukuk so we're talking around $1 billion," he said.
Citigroup and Goldman Sachs were mandated as lead arrangers of the bond, he saidObama's hidden bailout of General Electric | Washington Examiner
Obama helps strengthen General Electric-Putin ties
Does G.E. Stand to Gain From the Obama Administration? - Glenn Beck
General Electric, NBC News and President Obama - Bill O'Reilly ...
FLASHBACK LAST MONTH: Goldman Sachs, Obama, Geithner, Citigroup and 'special interests'
The cynics, and the lobbyists, and the special interests who've turned our government into a game only they can afford to play. They write the checks and you get stuck with the bills, they get the access while you get to write a letter; they think they own this government, but we're here today to take it back. The time for that politics is over. It's time to turn the page.
That line from candidate Obama is worth recalling in light of an interesting AP story today about Treasury Secretary and Bailoutmeister Tim Geithner, headlined, "Mr. Geithner, Wall Street is on line 1 (again)":
They are a small cadre of businessmen who have known and worked with Geithner for years, whose multibillion-dollar companies all survived the economic crisis with help from U.S. taxpayers....
The calendars, obtained by the AP under the Freedom of Information Act, offer a behind-the-scenes glimpse at the continued influence of three companies -- Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. -- whose executives can reach the nation's most powerful economic official on the phone, sometimes several times a day.
WHAT IS SHARIAH LAW?Understanding Shariah law is integral to understanding the dangers of Shariah-compliant finance. Shariah law is Islamic law dating back to the 7th century and is today the law of the land in Saudi Arabia, Iran, Sudan and the law under which the Taliban operates.
Shariah law authorities, some of whom are now being paid handsomely by Barclays, Dow Jones, Standard & Poors, HSBC, Citibank, Merrill Lynch, Deutschebank, Goldman Sachs, Morgan Stanley, UBS, Credit Suisse and others have the power to dictate Shariah compliance as deemed by “scholarly consensus” on matters of finance, family, penal law, apostasy, and war. Examples of authoritarian Shariah law include: requirement of women to obtain permission from husbands for daily freedoms; beating of disobedient woman and girls; execution of homosexuals; engagement of polygamy and forced child marriages; the testimony of four male witnesses to prove rape; honor killings of those, principally women, who have dishonored the family; death to apostate Muslims who chose to leave Islam; inferior status of non-Muslims, and capital punishment for those “slander Islam.”