Marc Chandler, who claims to be global head of currency strategy at Brown Brothers Harriman and associate professor at NYU, advocates appeasement of the islamofascists in his article An Islamic bond would be a golden opportunity for the US, in yesterday's Financial Times:
The US Treasury should consider issuing a dollar-denominated Islamic bond or sukuk - an act that would signal respect for Islamic law and people and implicitly acknowledge the limitations of military and political strategies.
And here is some of this weasel's rationale behind this ludicrous proposal:
Fund managers in the growing socially responsible investment arena may also be attracted to the high ethical standards that sharia requires.
High ethical standards of sharia? You mean like when they throw a woman in prison or stone her to death because she has been raped? Or when they cut off a baby girl's clitoris with scissors? Or when they ban the practice all other religions, as they do in Saudi Arabia? I would hate to see what this loser Chandler thinks constitute LOW ethical standards.
And by the way, Mark, what about the highest law of the land here in the USA?
Amendment I
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.
Wouldn't this suckup,....er, sukuk be in violation of the First Amendment? Or is sharia more important to you?
Please excuse me, I need to run to the restroom before I vomit all over my keyboard.
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