If the financial
reform bill passes,
the bad Wall Street will win,
the good Wall Street will not.
And investors and American families will lose.
As I explained in my article,
The Dodd "Financial Reform" Bill
Lets Soros Off the Hook, the bad Wall Street
consists of the hedge fund short sellers, the
predators who loot investment capital
and slow down economic growth.
New home sales have dropped by 33 percent.
The unemployment picture is not improving.
The stimulus bill did not work.
What is happening to our economy?
I wrote in my book,
Wizards of Wall Street, that we will
never recover from this crisis until
the 7-point action plan is implemented.
My recommendations include
restricting short sale transactions,
ending mark-to-market accounting
completely, restoring the old financial
market circuit breakers, and restoring
the old uptick rule without
any modification.
These changes
will protect invested capital
and save the capitalist system.
You cannot solve a problem
unless you know correctly
and truthfully what caused
the problem.
The elected officials
and the big media lent
deaf ears to my analysis
and forecasts.
But everything
I predicted is unfolding
before our very eyes.
But brace yourself :
The worst is yet to come
unless my recommendations
are implemented completely.
Treasury Secretary Tim Geithner says
the U.S, can no longer drive global growth.
What does this mean
http://www.aim.org/aim-column/why-obama-is-sabotaging-u-s-economic-growth/
Abolish the Bailout Whores
& Saboteurs of the Global
Commie Unionist Corporate
Criminal Regimes ;
"As we now approach
the sixth anniversary of IBB's launch,
I'm sad to finally have to admit that Islamic
finance in the UK has been a huge flop," said
Junaid Bhatti, part of the team that set up Islamic
Bank of Britain, the first Shariah-compliant bank
approved by the Financial Services Authority.
"Even HSBC Amanah, probably
the most credible and efficient provider
of halal banking in the UK, has dramatically reduced
its dedicated Islamic banking staff in Britain, and its
marketing volume has been turned way down."
ISLAMIC bank accounts and other financial products
have failed to take off in Britain, according to industry
insiders.
This is despite hopes that the UK would
become a pioneer in a new growth market.
New banks that were set up to appeal
to the UK's nearly two million Muslims
and Sharia-compliant products created
by the existing high street lenders have
failed to make much of an impact, critics say.
Junaid Bhatti,
part of the team that set up Islamic Bank of Britain,
the first Sharia-compliant bank approved by the
Financial Services Authority, says that the sector
has been a big disappointment.
"IBB may still be limping on as probably
the last bastion of the cause, but it's difficult
to imagine it holding out for much longer."
Competitors have fared even worse
and many had closed or scaled back
their operations significantly,
Mr Bhatti said.
Established banks that launched
Islamic banking products are also
believed to have fared poorly.
HSBC and Lloyds
were seen as having made the biggest efforts
to make inroads, but without much success,
Mr Bhatti said.
"Lloyds, which made a half-hearted stab
at Sharia-compliant products in 2004, doesn't
seem to have promoted its offering for years,"
he said in an article for MuslimPolitics.com
http://www.stopshariahnow.org/index.php?option=com_content&view=article&id=1127:sharia-compliant-banking-products-a-huge-flop-in-britain&catid=69:shariah-finance-op-eds&Itemid=91
Exposing
The Satanic Commie World Order
http://sovereigntysrealms.blogspot.com/