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Old 04-15-2009, 11:22 PM
Walks_in_islam Walks_in_islam is offline
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Re: Obama kicks pirate "booty"

All you have done is validate my point for me. Of course this article quotes only Western sources. In spite of all attempts to spin "slowdown in growth" somehow into something negative -

Ask yourself why and how: The industry escaped the immediate fallout from the crisis as its ban on interest and its lack of structured products prevented it from investing in the assets that turned toxic for conventional banks

Ask yourself why and how: Islamic banks avoided the speculative investments and complex financial instruments that derailed Western banks

Ask yourself why and how: Moody’s said Islamic financial institutions in the Gulf showed strong resilience during the global financial turmoil

Research Dubai / Bahrain business then come back and tell me that the businesses here are not diversified. For goodness sake I live (1) hour from Bahrain. I worked in US industry for (17) years. My in-laws live in Indonesia. My father in law is the equivalent of a Fed governor in an Indonesian bank. Are you seriously trying to convince me to believe something about banking, investments, businesses, jobs, job losses, and economic growth other than what I actually SEE?
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