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Re: Financial jihad!
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fat-ass-bike wrote:
laws that don't allow for human rights, equal rights, freedom of education and general enlightenment, enables the institution of those laws to maintain control and enforces those that follow them religiously, to act-out against those that breach them or they deem offend them ... I call it 'caveman control laws / rules'


Ok ok, enough about the Patriot Act and FISA, stick to the topic at hand.

Posted on: 2015/12/10 22:52
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Re: Financial jihad!
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dtjcview wrote:
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Monroe wrote:
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If these guys were caught doing this in a Muslim land they'd at best lose their hands, let alone their heads.
...


Western-style credit cards are forbidden in a lot of Arab countries. Charging interest is considered usury under shari'ah law. Not saying there isn't financial crime, but this type of crime probably doesn't happen.


Like most religions, there's always a workaround. Muslim banks just charge you "rent" for a loan instead of "interest".

BOOM! Problem solved!

Posted on: 2015/12/10 22:49
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Re: Financial jihad!
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laws that don't allow for human rights, equal rights, freedom of education and general enlightenment, enables the institution of those laws to maintain control and enforces those that follow them religiously, to act-out against those that breach them or they deem offend them ... I call it 'caveman control laws / rules'

Posted on: 2015/12/10 22:35
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Re: Financial jihad!
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Monroe wrote:
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If these guys were caught doing this in a Muslim land they'd at best lose their hands, let alone their heads.
...


Western-style credit cards are forbidden in a lot of Arab countries. Charging interest is considered usury under shari'ah law. Not saying there isn't financial crime, but this type of crime probably doesn't happen.

Posted on: 2015/12/10 22:16
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Re: Financial jihad!
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CatDog wrote:
Monroe, what you are doing to all of us is Intellectual Jihad.


^^^Intellectual and Monroe in the same sentence. Grats, Monroe.

Posted on: 2015/12/10 22:01
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Re: Financial jihad!
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Monroe, what you are doing to all of us is Intellectual Jihad.

Posted on: 2015/12/10 17:49
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Re: Financial jihad!
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The level of deviance of a scheme involving the creation of ?synthetic? identities pales in comparison to the deviance of ?synthesizing? a bad mortgage loan into a cluster of otherwise less bad loans, securitizing them into the form of a ?Collateralized Debt Obligation,? selling them long (as AAA rated) to the public and then selling same securities short.

Who?s more nefarious than Wall Street? This little $3 million dollar scheme isn?t even a blip on the radar. Capitalism, par for the course, to be expected.

Posted on: 2015/12/10 17:33

Edited by score09 on 2015/12/10 17:50:47
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Re: Financial jihad!
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$3 million is nothing compared to this $200 million Little India credit card fraud scheme. Remember this one?.

Jersey City jewelry store owner pleads guilty to his role in $200 million fraud

By Michaelangelo Conte | The Jersey Journal

on June 18, 2014 at 5:25 PM, updated June 19, 2014 at 6:42 AM

The owner of a Jersey City jewelry store pleaded guilty today to his role in a sophisticated international credit card fraud ring responsible for more than $200 million in losses to businesses and financial institutions, officials said.

http://www.nj.com/hudson/index.ssf/20 ... n_fraud.html#incart_river

Posted on: 2015/12/10 17:28
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Re: Financial jihad!
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papadage wrote:
Our major investment banks just do it on the side.. I don't see anyone getting worked up about those bastard WASPs and their funding of drug cartels and international terrorist states.

And what makes these people not American, the lack of Smith or Jones as last names?


Given that ICE was involved, one of the guys was caught at JFK, another is a fugitive, and that NJ Homeland Security is involved it would seem to mean that some foreign nationals are in the mix.

edited to add Papadage, I agree that we let our own financial scammers get away with murder. Obama has done nothing to rein in the hoodlums on Wall Street-has anyone gone to jail during his watch? I don't agree much with Sanders, but I do on that. Hillary won't do a thing if she gets elected either.

Posted on: 2015/12/10 17:18
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Re: Financial jihad!
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Our major investment banks just do it on the side.. I don't see anyone getting worked up about those bastard WASPs and their funding of drug cartels and international terrorist states.

And what makes these people not American, the lack of Smith or Jones as last names?

Posted on: 2015/12/10 17:06
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Re: Financial jihad!
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False equivalences are now the GOP stock in trade. The latest meme is equating Trumps ban on Muslims with Carters ban on Iranians. The distinction between the religion of over a billion and citizenry of an enemy state is lost on them.

Posted on: 2015/12/10 17:06
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Re: Financial jihad!
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Posted on: 2015/12/10 17:02
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Re: Financial jihad!
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Monroe wrote:
Lots of self hating Americans in these parts. If these guys were caught doing this in a Muslim land they'd at best lose their hands, let alone their heads. Feel free to write the editorial board of the Hudson County View because they published the names of the accused-it's profiling!

I think the issue is that these people might not be Muslim. The names indicate that they probably Arabic, but their faith is unknown.

While it is true that they might get their hands cut off if they were in Saudi Arabia, the American justice system didn't quite take those steps against those that helped create the recent financial collapse. Why would these people be treated differently and be subject to some arcane punishment system simply because that *might* be something that another country where the criminal's ancestors came from?

Posted on: 2015/12/10 16:55
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Re: Financial jihad!
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Monroe wrote:
Lots of self hating Americans in these parts. If these guys were caught doing this in a Muslim land they'd at best lose their hands, let alone their heads. Feel free to write the editorial board of the Hudson County View because they published the names of the accused-it's profiling!


That's not my point, dear. If you're going to use a word, know what it means. Jihad does not mean "assault." Look it up, understand it, and then use it in the correct context.


Posted on: 2015/12/10 16:52
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Re: Financial jihad!
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Lots of self hating Americans in these parts. If these guys were caught doing this in a Muslim land they'd at best lose their hands, let alone their heads. Feel free to write the editorial board of the Hudson County View because they published the names of the accused-it's profiling!

Posted on: 2015/12/10 16:47
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Re: Financial jihad!
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jerseymom wrote:
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Hey Monroe - could you dial down your Islamophobia a bit? These folks committed credit card fraud, not Jihad. And you may want to find out what Jihad is in the first place. You're adding to the problem, not helping it.


lol, it's an assault on our banking system. And partly run out of a rug shop on Monticello Avenue!


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I will buy it for you for Festivus. Just let me know your address. Jihad - look it up.

Posted on: 2015/12/10 16:44
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Re: Financial jihad!
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Meh... once a bigoted DB...

Posted on: 2015/12/10 16:36
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Re: Financial jihad!
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Hey Monroe - could you dial down your Islamophobia a bit? These folks committed credit card fraud, not Jihad. And you may want to find out what Jihad is in the first place. You're adding to the problem, not helping it.


lol, it's an assault on our banking system. And partly run out of a rug shop on Monticello Avenue!

Posted on: 2015/12/10 16:32
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Re: Financial jihad!
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Hey Monroe - could you dial down your Islamophobia a bit? These folks committed credit card fraud, not Jihad. And you may want to find out what Jihad is in the first place. You're adding to the problem, not helping it.

Posted on: 2015/12/10 16:25
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Financial jihad!
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Posted on: 2015/12/10 16:10
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