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The Continuing AIG Hellstorm: Jihad Bailout and Money Laundering

February 3, 2010 Leave a comment

Update 1 on the below over at Atlas Shrugs replete with the below presentation:

Pamela over at Atlas Shrugs has been doing an exceptional job exposing the Jihad bailout of AIG.  To go along with being a terrible hedge fund manager in AIGFP, it just so happens that “AIG was (and still is) the world leader in promoting Shariah-compliant insurance products.”  The problem?  As noted in the press release on attorney David Yerushalmi’s site, “By propping up AIG with tax payer funds, the U.S. government is directly and indirectly promoting Islam and, more troubling, Shariah.”  The crux of the court case is below:

David Yerushalmi, who is co-counsel with Robert Muise, laid out the grounds for the motion:  

At the time of the takeover decision, Secretary Geithner was the head of the Federal Reserve Bank of New York and he was the leading advocate of the AIG takeover. Moreover, he designed how the U.S. government would not only bail out AIG with taxpayer dollars, but how the government would illegally take control of 80% of the voting shares through what was patently an illegal and invalid trust arrangement. It is apparent from the discovery we’ve conducted to date that this was done purposefully and with an intent to conceal the illegal takeover with a fraudulent trust. 

Attorneys Yerushalmi and Muise want to ask Secretary Geithner:

·         Why he forced AIG to take on so much debt that AIG’s credit rating, already in peril, was sure to collapse without yet additional government funds, essentially guaranteeing AIG would remain a ward of the state?
·         Why he imposed such Draconian terms on AIG that there was no way it could survive without additional billions from U.S. taxpayers?
·         Why he then used AIG to secretly funnel 100% payoffs to AIG’s counterparties, including his colleagues and friends at Goldman Sachs, Merrill Lynch, and the European giant, Société Générale.  In other words, why did Geithner decide to destroy AIG’s chances of survival as a private entity while surreptitiously saving and preserving private ownership of other domestic and foreign financial companies? And,
·         Why he took control of 80% of AIG’s voting shares without legal authority to do so and used a fraudulent trust arrangement to conceal the illegal takeover?

For more on the matter check out (via Big Government) this transcript from 2008 in which Yerushalmi gives a detailed explanation on the problems regarding taxpayer dollars and Shariah and this interview from yesterday between Frank Gaffney and Yerushalmi on this landmark case of Murray v. Geithner.

On Shariah, Yerushalmi’s moral if not legal argument is well taken:

FrontPage Mag: Why do we care if AIG is offering a Muslim-friendly insurance product as just another way to make money even if the USG is now a shareholder? Doesn’t the USG invest in other companies that might offer religious consumers unique products? For example, what if the USG invests federal employee pension plan funds in a company that publishes books, including a line of religious books?

Yerushalmi: We should care a great deal. First, when the USG invests federal employee pension plans it is acting as an employer, not a government agency per se. In fact, the investment has nothing to do with the government’s tax and spending authority. Second, the investment in such plans is generally through an intermediary investment fund which in turn only invests passively and through minority holdings. In this case, we have the USG acting not as an employer but expressly through its tax and spending authority and taking an absolute controlling position. AIG is in effect nationalized. It is a government company.

But, beyond these strictly legal arguments, there is an overarching concern. Can it really be the case that we want the USG involved in a theologically based legal doctrine that calls for our conversion, subjugation or murder? Have we abdicated even the rudiments of good sense in the name of a PC-driven, non-judgmental multi-culturalism? If we have, we have abdicated our very right to exist as a nation.

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Robert Spencer Nails Groundhog Day

February 2, 2010 Leave a comment

Via Jihad Watch:

And now here is today’s Jihad Watch news:

1. Some jihadis somewhere will blow something up and kill some people.
2. In their public statements they will quote Qur’an, invoke Muhammad, and explain that they did it all to advance Islam.
3. Mainstream media stories about the attack will never mention Islam, or Jihad, and will speculate about the desperate poverty and political oppression that led this group to carry out this attack.
4. Obama will lament this “tragedy,” call the attackers “isolated extremists,” and announce a new U.S. aid package for the area they come from, again without ever mentioning Islam or jihad, except to praise the great and noble religion of Islam.
5. I will post the attackers’ public statements here at Jihad Watch.
6. Leftist and Islamic supremacist groups will see #5 and call me an Islamophobe and a bigot, without ever taking notice of #2.

Tune in again tomorrow, when:

1. Some jihadis somewhere will blow something up and kill some people.
2. In their public statements they will quote Qur’an, invoke Muhammad, and explain that they did it all to advance Islam.
3. Mainstream media stories about the attack will never mention Islam, or Jihad, and will speculate about the desperate poverty and political oppression that led this group to carry out this attack.
4. Obama will lament this “tragedy,” call the attackers “isolated extremists,” and announce a new U.S. aid package for the area they come from, again without ever mentioning Islam or jihad, except to praise the great and noble religion of Islam.
5. I will post the attackers’ public statements here at Jihad Watch.
6. Leftist and Islamic supremacist groups will see #5 and call me an Islamophobe and a bigot, without ever taking notice of #2.

It’s Groundhog Day!

 Pure gold from a true patriot.

Robert Spencer Gets Attacked…by American Citizens

November 18, 2009 6 comments


This evening at NYU I witnessed an act which was both disturbing and appalling. Robert Spencer of Jihad Watch, an erudite scholar on Islam and patriotic defender of our freedom was giving a talk on the ever-growing threat to the West of Islamists. In the midst of describing the ends of Jihad as promulgated by one of the foremost radical Islamic scholars of the 1970s, a grungy looking fellow stood up and yelled at Spencer “Should we just go bomb all the Muslims!?” and attacking him with other vitriolic and hysterical words. In creating this diversion, a couple members of the audience ran up and threw pies at Mr. Spencer and another panelist. The campus authorities quickly intervened, and as the officers dragged the cowards away from the stage, another (presumably accomplice) student filmed the the officers on his phone. Luckily, Spencer and his fellow panelist Elan Journo ended up largely unscathed.

This whole scene characterizes where we are in America today. A man gets attacked for merely repeating the words of a Muslim radical. Worse, American students are planted in auditoriums all across this country ready to quash any free speech that is not to their liking. This is especially dangerous when it comes to matters of Islam, because as Spencer later argued in his speech, by not allowing criticism of the religion, and worse censoring free speech, we are elevating Islam above our own culture. This plays right into the hands of the people who wish to impose Sharia law over us. How ironic that the leftists in this country are the useful idiots for a Jihad movement that wishes to crush all tolerance. Finally of course, it is most likely the police who will be in trouble because of a video probably bound for YouTube as we speak which will show the officers violently hauling out the innocent and naive college hippies.

Most disheartening is the fact that it is people like Spencer who are literally risking their lives to try to wake Americans up to the grave fact that our enemies both abroad and within are getting stronger, and that it is our own politically correct culture which is allowing them to do so both through violent and democratic means. Where do we stand as a nation when we have to be afraid to merely shed light on the beliefs of our enemies? Where do we stand as a nation when our own people quell free speech? Where do we stand as a nation when we cannot criticize an ideology that has been used to justify the killing of 3,000 innocents on our soil, and countless other innocents abroad? We are headed down a suicidal path if the lovers of liberty do not stand up and fight.

Blogging Geert Wilders at Columbia

October 22, 2009 Leave a comment


Greetings readers. I know it has been awhile and my has the news continued to come at a dizzying pace. The man most likely to cause America’s long term destruction at the face of our enemies has won the Nobel Peace Prize for his geniality towards despots. Russians may have the opportunity to inspect OUR nuclear sites. It appears there are more Communist-lovers in the Obama administration, an administration that happens to not be the biggest fan of Glenn Beck and the RNC shills over at Fox News. And as always, Israel has been thrown under the bus by the western world. The more the world changes the more it seems it stays the same.

This evening I want to turn to a topic that has been largely thrown under the bus in light of our depression and the push for socialized healthcare. It is an issue that admittedly I have been mum on because of my own reservations about the sensitivity of the topic, and a lack of clarity in my views in trying to reconcile security with liberty. I will address these points later. But I digress.

The mainstream media has barely blinked (and what a surprise it is) as terrorist attacks have been foiled, court cases involving potential honor killings on our homeland have transpired and investigations proving the infiltration at the highest levels of our government by Muslim groups intent on destroying our way of life have been carried out. While I have been well aware of these issues from the first time I picked up a Steve Emerson book, it seems that based upon an event I attended tonight, our future leaders remain blissfully, suicidally ignorant of the dangers that lie ahead.

Tonight I saw a man speak who has had a fatwa declared against him. A man who has been censored by western nations because they are too afraid of the frankness with which he speaks; frankness which threatens western nations because it alienates a people espousing a hateful ideology living partitioned in their midst. A man who has called for an awakening at a time when our collective slumber threatens to cause us to lose before we even fight. Tonight Geert Wilders spoke at my alma mater, that old bastion of tolerance Columbia University. To the crowd’s credit, this time there was no rushing of the stage.

Wilders’ main argument centered on the fact that the ideology of Islam is a hateful one, given the laws imposed on people dictated by the Koran, and the hateful, violent and strongly anti-Judeo Christian bent of the book. He explained how this ideology has led Muslims throughout Europe to seek the destruction of western civilization, and that given their population gains, soon they would be able to take over Europe through democratic means. This was no news to myself or anyone who has been following the developments over in Great Britain, where Sharia law is being implemented and the society has been split in two with the British legislature, frankly cowardly MIA. This was no news to anyone who has witnessed the barbarism in France where chaos broke out in the streets largely driven by Muslim immigrants. This was no news to anyone who remembers the murder of Theo Van Gogh or the outrage at the Mohammed cartoon.

But what was refreshing was the fact that Wilders spoke the truth, unafraid of the consequences. He said things that any student here would be afraid to say (a fear which is probably the first sign that a battle is being lost). On cultural relativism, Wilders boldly asserted that Judeo-Christian values were superior to those of Islam promulgated in the Koran. He cited our ability to speak freely, protection from government and granting of civil rights to all groups as being superior to the rights engendered in Muslim culture and law. He overtly referred to the Koran as an evil book, though he rightly separated the hatefulness of the surahs from condemnation of all Muslims themselves. He even posited that Jefferson had acquired the Koran used to swear in Congressman Ellison so he could understand his enemy when the US took on the Barbary pirates during the early 19th century. He condemned the US government for supporting a UN resolution to ban free speech when it comes to stereotypes deemed offensive. He noted that fundamentally, criticism of religion is in fact the most important measure of free speech, and that it is being thwarted throughout the western world.

He also did something that no European politician has done in my lifetime that I can recall, stating that Israel is the canary in the coal mine, the “beacon of light in a pitch black area” in the Middle East. He boldly asserted much to the chagrin of his haters in the audience that the homeland of the Palestinians was Jordan. He noted, invoking a point similar to that of George Gilder in his fascinating new book The Israel Test, that Israel is fighting the war that we are losing – the fight for freedom against Islam, and that it is our moral obligation to protect her as the first line of western defense. He cited a handful of pieces of legislation that should be implemented, including: a Constitutional amendment that each European nation’s identity is one of Judeo-Christianity, a loyalty oath for Muslims in Europe, suspension of Muslim immigration given the grave problems facing Europe’s already exploding Muslim population, and expulsion of all those who wish to carry out jihad or commit crime on European soil. Most importantly, he urged all Europeans to vote into office “fewer Chamberlains and more Churchills.”

Personally I got a vicarious thrill listening to a man who said certain things that I wish I could say but am afraid to for fear of reproach or worse a fatwa against me. I was proud that he gave a voice to those of us afraid to express our First Amendment rights in the supposed last, best hope of this Earth.

Yet at the same time, this event was a sobering one. As I intimated, many people scoffed at Wilders’ ideas, decrying him for his belief that Muslims want to take over Europe, and guffawing at his poignant criticism of the Koran. These people have no idea about the struggle we are facing. When our enemies are willing to blow themselves up for a cause, and we quell free speech so as to appease them, you know that we are losing this battle. Americans are no more awake today than they were on September 11th. They remain as complacent as ever because they either do not wish to believe that a large enough percentage of the Muslim population is out there ready, willing and potentially able to destroy us, or because they are simply blind to it.

Sitting in a room with supposedly informed, intelligent students, I was struck by their utter ignorance when it comes to people who wish to take away the liberties both social and political that they so cherish. I sat in astonishment as women criticized Wilder’s, a man who opposes the very ideology that subjugates women and leads them to be killed out of honor when they reject Islam. I have news for these people — if you do not wake up soon, one day this country is going to be lost. Laugh at and deride those who warn you, but it is we who are trying to defend your freedom to be ignorant, naive socialists. It is we who defend your freedom to try to shout down those who are upholding our Constitution.

As I mentioned, I wanted to address some general points that I have been grappling with on liberty and security in our country. I have always on this blog defended classical Liberal values. Generally speaking, I believe that any infringement on our rights no matter how small will lead to the eventual collapse of all of our rights and thus must be stopped. However, we cannot have liberty without security. Our Constitution lays out our liberties, but also seeks to ensure their protection. In Article I, Section 8 of the Constitution, it is stated: “The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States.” When an enemy threatens the values of your Constitution, this enemy must be defeated. We are not serious about defeating this enemy.

Right now, our odious politically correct atmosphere has paralyzed our country. We are working to appease the enemy within. We are going about our daily lives blind to the reality that the threat is growing and that our enemies are putting a happy face on their movement by naming their fronts things like “CAIR.”

I would argue that if we were serious, our attitude might be more like this: If there are people in this country who wish to implement Sharia law, a law diametrically opposed to our Constitution and more important opposed to our natural rights granted to us by our Creator, than these people should be sent back to their homelands. If there are people who wish to carry out jihad on US soil and blow up our great centers of commerce and our Synagogues and Churches, then these people should not be given student visas, they should be deported. If there are people in this country who shun granting individual liberties to all, and special privileges to none then please exit stage left. If you don’t agree that our Constitution is the supreme law of the land, then go someplace where you can live under Sharia law, don’t attempt to impose it on us. Unfortunately today there are Mosques all around this country where undoubtedly anti-American views are being spewed. Reverend Wright probably looks like Kahane compared to some of the other imams here. The people who attend these Mosques and support terrorism either directly or indirectly should not be allowed to enjoy the fruits of this country.

For those who are moderate Muslims, you must speak up and declare to the American people the nature of our enemy. To sit back in silence for fear of being outcast by the Muslim community is a small price to pay for the total loss of freedom for everyone in this land. I cannot stress enough the importance of the so-called moderate Muslims working to help awaken this nation to see the folly of and the danger inherent in the road that we are going down (if for no other reason than because all of us white, fear-mongering teabaggers have lost legitimacy as we are mere racists and bigots). To continue down this suicidal path where we live in fear of offending people who wish to undermine our way of life is a slap in the face of the forefathers who fought to make this a free nation. We must get serious or we will lose. In closing, let me hearken back to Reagan who said: “Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.” Friends, we must courageously take up this battle.