Goldman Sachs & Islamic Banking – the Next Security Fraud Disaster, with a Terror Finance Twist
Little did Sen. Byron Dorgan (D-ND) know that he hit the jackpot when he described Goldman Sach’s fiduciary breach at the April 27th Senate hearing as “to bet against your clients, to bet against your country, all for the sake of big profits.”
This kind of security fraud (weak disclosure, transparency and national security risk) is being committed by a laundry list of investment firms who have been “quietly building infrastructure for the past 5 – 14 years in order to become the money manager of choice for Iran, Saudi Arabia, the Taliban and Al-Qaeda.”
“Money from Islamic finance is funding Hamas, who are killing Israelis and this same money is funding the Taliban, who are killing our young American men and women soldiers. We all know that Saudi Arabia, Iran, Pakistan and the Emirates are supplying this money, but have you ever wondered how the money actually goes from place to place, helping dozens of Islamic extremist groups around the world? The banking system. First the Middle East, then the European, now the American banking system right down on Wall Street. “
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