An interesting lawsuit was filed in Michigan late last year that questions the legality of bailout money used by AIG to help fund Sharia-compliant insurance policies. A U.S. District judge ruled this week the suit can go forward:
"..."The U.S. District Court hearing a challenge by a Michigan man against the federal government for bailing out insurance giant AIG because the company sells Shariah-compliant insurance policies to Muslims in the U.S. and abroad has denied a motion to dismiss (PDF) the suit and allowed the case to move forward.
The case, Murray v Geithner, was filed last December by the Michigan-based Thomas More Law Center, founded by Domino’s creator Tom Monaghan. The TMLC calls itself the “sword and shield for people of faith,” but in this case, the group argues that because the U.S. government now owns a substantial piece of AIG after the bailout, the fact that the company markets products to Muslims that comply with their faith makes the bailout unconstitutional.
The complaint filed in the case argues that the funds given to AIG by the federal government as part of the financial bailout “are being used to finance Shariah-based Islamic religious activities in violation of the Establishment Clause.” The government immediately moved to dismiss the case, arguing that the plaintiff lacks standing to bring the suit. They base this on a series of Supreme Court rulings limiting the standing of plaintiffs to bring Establishment Clause suits merely because they are taxpayers and some tax money may be used wrongly..."
There certainly was a little information in the media regarding the lack of accountability in the money given by taxpayers through the feds to corporations. You can bet they were told to hush things up.
Posted by: phoenix | June 13, 2009 at 01:41 AM