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Team Sergeant
07-22-2015, 12:39
My family line dates all the way back prior to the American Revolution. I'm afraid my ancestors would not like what they see today here in "America".

Americans are done fighting for America, we've become nothing but a bunch of fat fucks that are completely apathetic about our history, culture etc.

The United Kingdom will have the last laugh.

We have left our children nothing but a corrupt liberal/progressive/socialist fucking mess.

And I was actually thinking about moving to Washington State.

Only in America can we go from world class to 3rd class in 6 years.

And to all those other 279 Religions practiced in America, Corrupt Socialist Seattle says "Fuck you".




Seattle officials join push for Sharia-compliant mortgages, loans

Barnini Chakraborty

By Barnini Chakraborty
·Published July 22, 2015
·FoxNews.com


WASHINGTON – A proposal in Seattle meant to increase homeownership among Muslims by offering financing compliant with strict Islamic law -- known as Sharia -- is gaining ground in the latest test for local leaders trying to accommodate diverse religious beliefs.

"We will work to develop new tools for Muslims who are prevented from using conventional mortgage products due to their religious beliefs," Seattle Mayor Ed Murray said during a press conference July 13.

"Sharia," which comes from the Koran and means "the right path," prohibits the payment of interest -- the primary way lenders earn. Many of Seattle's 30,000 practicing Muslims, therefore, are hard-pressed to find Sharia-compliant financing options when buying homes, making large purchases or starting a business.

A Seattle housing committee suggested community and business leaders find a way to help them, a push the mayor endorsed. Seattle is just the latest to explore financing options for devout Muslims -- following in the footsteps of Chicago as well as national financial firms and lenders like Ernst & Young and Bank of America. But the move to offer Sharia-compliant financial products has drawn fire. Critics have warned that it opens the nation's financial system to Islamic radicals and terror groups, providing a mechanism for money laundering.

In 2008, conservative lawmakers in Congress went after American International Group for offering Sharia-compliant insurance programs.

Rep. Frank Wolf, R-Va., and then-Rep. Sue Myrick, R-N.C., sent AIG then-Chairman Edward Liddy a strongly worded letter that argued Sharia financing could be manipulated and used by terrorist organizations like Al Qaeda and Hamas to launder money.

"You may defend your decision to offer Sharia products and will probably state that they have no real ties to Sharia law, and therefore pose no threat. You are wrong," the lawmakers wrote in the Dec. 18, 2008 letter. "Like Britain, the way to America's legal code is through its wallet, and if Sharia law gains a strong footing in the United States, it will be through Sharia finance and Sharia products."

The Thomas More Law Center, a nonprofit law firm that promotes conservative Christian values, sued then-Treasury Secretary Henry Paulson and the Federal Reserve in 2008 over AIG's actions. The suit argued that it was unconstitutional for AIG to offer Sharia-compliant products because the federal government had bailed out AIG with $170 billion in taxpayer money, and that by promoting Sharia products, it forced Americans to comply with Sharia law. The suit failed.


cont:

http://www.foxnews.com/politics/2015/07/22/local-and-commuity-leaders-across-us-weigh-benefits-sharia-financing-for/

sinjefe
07-22-2015, 13:01
So, I guess if you are muslim, you will get an interest free loan? Backed by the American taxpayer, no doubt. And the rest of us can fuck off.

Team Sergeant
07-22-2015, 13:37
So, I guess if you are muslim, you will get an interest free loan? Backed by the American taxpayer, no doubt. And the rest of us can fuck off.

Glad I didn't read it wrong either........ :munchin

America,a train wreck in the making.

Joker
07-22-2015, 14:53
Ima a muzzy loan me some BIG cash. And since you are an infidel I don't have to pay you back. Woohoo, I won the lottery!

kalanis
07-22-2015, 16:30
It's against my religion to be in debt, so write me a loan that I don't owe on.

Flagg
07-22-2015, 17:08
Isn't sharia/Islamic compliant lending just a paper flim flam fixed interest loan in other words?

I thought they got around it by calling the interest bill "fees" loaded onto property price?

Basically, a marketing wrapper to make It ok for Muslims to borrow money and pay interest by other means?

Any which way it rolls, if it's public funds/program, isn't it discrimatory and illegal for it to be offered to a single group based on religion?

Private funds, who cares. Every day various family/ethnic groups pool their funds for the family/community good rather than go to banks.

mark46th
07-22-2015, 17:49
I bet Islamic banks charge infidels interest.

The Reaper
07-22-2015, 18:45
I bet Islamic banks charge infidels interest.

They would probably call it a "jizyah."

TR

Sigaba
07-22-2015, 21:16
Isn't sharia/Islamic compliant lending just a paper flim flam fixed interest loan in other words?

I thought they got around it by calling the interest bill "fees" loaded onto property price?

Basically, a marketing wrapper to make It ok for Muslims to borrow money and pay interest by other means?

Any which way it rolls, if it's public funds/program, isn't it discrimatory and illegal for it to be offered to a single group based on religion?

Private funds, who cares. Every day various family/ethnic groups pool their funds for the family/community good rather than go to banks.FWIW, the Fox News piece includes the following.

Here's how a Sharia-compliant sale might work between a bank and a Muslim homebuyer: The bank agrees to buy and hold clear title to the house, then enters into a contract to sell the house at an agreed-upon mark-up price that includes profit. The buyer agrees to pay the sale price in installments, or one lump sum. The markup rate is calculated to compete with prevailing interest rates, so the buyer's monthly payment is roughly equal to what a traditional lender might charge for a loan that combines principle and interest.

NurseTim
07-22-2015, 22:58
I thought that the loan system worked like this.
Take $150,000 house. I buy it at, what 4%? Over the life of the loan I end up paying, say $194,000. The muzzie buys the $150,000 house for $194,000. Both end up paying the same. The bank get to take their cash upfront, regardless.

The math is wrong, but the concept is what I was trying to illustrate.

Lived in seattle for 6 months, I'm good In Phoenix. Don't want to live in perpetual clouds, crowed, hipster, and any place with a statue of stalin is a fail.

x SF med
07-23-2015, 01:16
Now you know why I escaped the libsocialisthipsteralternative commune of idiocy west of the Cascades, minus the Kitsap Peninsula, that stretches from Olympia north to Canada.

There is a large portion of the state that wants to secede and make a 51st State named "Cascadia"... this would encompass most of the ag and timber and mining lands leaving the 'new Washington' its tech businesses/light manufacturing/population density and no friggin food.

Guymullins
07-23-2015, 04:31
After many years of studying Liberals (the political sort) I have come to the conclusion that one can explain their seemingly self-destructive instincts and policies by simply realizing that Terrorism works. These Liberals are often highly intelligent people, in fact often academics, who have been terrorized. In response they have convinced themselves that by appeasement and sophisticated humanitarian reasoning, they allow themselves to bend to the will of the terrorist without entirely losing their self-respect.
Make life easier for yourself. When you hear a Liberal spouting forth suicidal claptrap, just substitute the word Liberal with Terrorised and your blood pressure will regain normality.

miclo18d
07-23-2015, 06:10
After many years of studying Liberals (the political sort) I have come to the conclusion that one can explain their seemingly self-destructive instincts and policies by simply realizing that Terrorism works. These Liberals are often highly intelligent people, in fact often academics, who have been terrorized. In response they have convinced themselves that by appeasement and sophisticated humanitarian reasoning, they allow themselves to bend to the will of the terrorist without entirely losing their self-respect.
Make life easier for yourself. When you hear a Liberal spouting forth suicidal claptrap, just substitute the word Liberal with Terrorised and your blood pressure will regain normality.
It goes well beyond that but you have one part of them nailed down!

Thanks for clarifying the word "liberal" as we have what WAS called a liberal style of government (very little government, and definitely NOT centralized). There isn't really anything liberal about them.

Hand
07-23-2015, 07:22
FWIW, the Fox News piece includes the following.

I see your point.
There really is no difference between this and what an infidel would pay. The banks just played with the numbers to give the muslims a sharia compliant way of borrowing money.

Would they give a jew an interest free loan to be compliant with his religious beliefs?

Is this about complying with sharia or making money?

Streck-Fu
07-23-2015, 08:11
Instead of interest, we'll call it a fee..... see, no interest. We'll rename it Halal Loans.....

Divemaster
07-23-2015, 17:10
Don't want to live in perpetual clouds, crowed, hipster, and any place with a statue of stalin is a fail.

It's actually a statue of Lenin in the Fremont neighborhood. Though on public display, it is privately owned and it is for sale. To me, that's a win for capitalism.

We need more conservatives up here. Besides, a state with a Special Forces Group can't be all bad.

PSM
07-23-2015, 17:38
And I was actually thinking about moving to Washington State.

Were you drunk? :confused: ;)

Pat

Sdiver
07-23-2015, 17:43
It's actually a statue of Lenin in the Fremont neighborhood. Though on public display, it is privately owned and it is for sale. To me, that's a win for capitalism.

We need more conservatives up here. Besides, a state with a Special Forces Group can't be all bad.

There's all kind of shit in the "Center of the Universe" ... A Stature of Lenin, a Rocket Ship, a troll, necked people riding their bicycles .... all kinds of shit.

http://fremont.com/about/lenin/

Razor
07-25-2015, 17:28
I thought that the loan system worked like this.
Take $150,000 house. I buy it at, what 4%? Over the life of the loan I end up paying, say $194,000. The muzzie buys the $150,000 house for $194,000. Both end up paying the same. The bank get to take their cash upfront, regardless.

Yup, that's all fine and dandy until a Muslim seeking a Sharia-compliant loan brings suit because the bank is discriminating against him by charging a higher upfront 'fee' than non-Muslims, and the bank loses the decision by a lib judge.

Mills
07-26-2015, 07:14
So, I guess if you are muslim, you will get an interest free loan? Backed by the American taxpayer, no doubt. And the rest of us can fuck off.

If they ever start that in TN, I might just have to "identify" as Muslim in order to avoid paying interest.