John Paulson, the hedge fund manager who made billions of dollars in 2007 by taking advantage of the collapse of sub-prime mortgages, will be answering questions posed by the House Committee on Oversight and Government Reform, along with James Simons and George Soros. There is much anger on Main Street USA and Capitol Hill about the tremendous amounts of money being made by hedge funds and other investment firms and whether it comes at the expense of Main Street USA. While Congress is trying to understand what happened in 2007 and assigning blame, I am sounding the alarm for the newest "opportunity" these hedge funds have jumped into and at whose expense.
Specifically, John Paulson has now pointed his hedge fund, Paulson and Co., in the direction of Shariah Islamic Investments. As a savvy investor, it appears that John Paulson and other hedge fund managers like him have targeted Shariah Islamic finance as the "next hot market." In a video produced by actforamerica.org, I name the Paulson & Company hedge fund that has received "seed money" from a government backed agency of Dubai to create a Shariah-compliant hedge fund with four other American hedge funds. I explain that firms like Paulson and Co., blinded by the promise of huge fees from the Middle East, are not disclosing (or maybe haven't even figured out) the link between Shariah law and the Taliban, Al-Qaeda, and Iran, and are welcoming this political radicalism into our financial system. New evidence indicates that Al-Qaeda received funding for the Sept 11th attacks because Shariah investments are required to donate profits to Islamic charities many of which have proven to fund terror. "Is anybody listening?" I ask. Yes, the moderate Muslim leadership group, 'Muslims Against Shariah' is. They awarded me the 'Muslims Against Shariah Award' three days ago.
Go to www.actforamerica.org or www.stopshariahnow.org to watch Joy Brighton's video.
Thursday, November 13, 2008
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