Sell-off to capitalism or sell-out to Islam?

Frank Gaffney points out what may be one of the most insidious and dangerous islamic infiltrations into Western society.

FROM JEWISHWORLDREVIEW.COM:

Sell-off to capitalism or sell-out to Islam?
By Frank J. Gaffney, Jr.

On Sunday, Arab News reported, "The U.S. government is currently studying the salient features of Islamic banking to ascertain how far it could be useful in fighting the ongoing world economic crisis, Robert M. Kimmitt, U.S. deputy secretary of the Treasury, said at a press conference held at the U.S. Embassy here yesterday." The newspaper went on to note that "[Mr. Kimmitt] said that experts in the U.S. Treasury Department are currently learning the important features of Islamic banking."

As it happens, for the better part of a year we at the Center for Security Policy have spent a fair amount of time trying to teach U.S. Treasury Department and other government "experts" about what is euphemistically called "Islamic banking" but better known as Shariah-Compliant Finance (SCF). In meetings with Mr. Kimmitt and other top Treasury officials, my colleagues and I have presented all they really need to know about the "important features" of this growth industry.

Specifically, we shared with them a detailed legal memorandum written by one our experts - David Yerushalmi, an attorney specializing in securities law who is deeply knowledgeable about the comprehensive theo-political-legal code that authoritative Islam calls Shariah. Mr. Yerushalmi's memo makes a compelling case that there is both civil liability and criminal exposure associated with SCF.

This is so because, at its core, Shariah is sedition: It explicitly espouses the violent overthrow of all secular governments and constitutions - including those of the United States - in favor of a global Islamic theocracy. The Yerushalmi memo makes clear that Shariah advisers - who play a central role in this industry as it falls to them to determine whether transactions are Shariah-compliant or not - and/or the companies that employ them appear to be involved in one or more of the following: racketeering, antitrust violations, consumer and securities fraud or material support for terror.

Arizona Sen. Jon Kyl, the Senate's No. 2 Republican and a senior member of that chamber's Finance Committee found the conclusions of the Yerushalmi memo to be sufficiently alarming that in August he sought official reactions to its findings from Bob Kimmitt's boss, Treasury Secretary Henry Paulson, Securities and Exchange Commission Chairman Chris Cox, Federal Reserve Chairman Ben Bernanke and Attorney General Michael Mukasey. To date, only Mr. Cox and Mr. Bernanke have deigned to respond. Both did so in an appallingly superficial manner.

Mr. Cox he assured Mr. Kyl that the SEC was ensuring that "U.S.-registered issuers offering SCF products must comply fully with the applicable disclosure requirements of the federal securities law." Never mind that no offerer of Shariah-Compliant Finance products discloses that Shariah is seditious, let alone that SCF is an instrument of its stealth jihad.
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