Michigan man files suit to stop US stake in AIG (Merged)
Posted: 17 December 2008 04:42 AM   [ Ignore ]
Total Posts:  107
Joined  2008-03-19

The Associated Press December 15, 2008 14:57PM

DETROIT — A Michigan man is challenging the government’s bailout of American International Group Inc., claiming the stake is illegal because the insurer has financial products that promote Islam and are anti-Christian.

The lawsuit was filed Monday in federal court in Detroit by the Thomas More Law Center of Ann Arbor, which pursues cases on behalf of Christian causes.

It says the government is violating the Establishment Clause of the First Amendment with billions of dollars of aid for AIG. The clause prevents the U.S. government from endorsing a religion.

The lawsuit says AIG offers financial services that comply with Sharia principles, specifically Takaful insurance.

Edited to remove copyrighted content. Please quote selectively and include a link to the original article.

[ Edited: 17 December 2008 11:07 AM by dougsmith ]

Barry Manilow didn’t write I Write The Songs. Bruce Johnston did.

Posted: 17 December 2008 09:42 AM   [ Ignore ]   [ # 1 ]
Sr. Member
Total Posts:  1995
Joined  2008-09-18

Yes, the intent of the government in cases like this is central. For example, if the government decides to repave a road going past a church, that does not amount to a violation of the First Amendment (unless, perhaps, the church was the only place at the end of a long road). Indirect benefits to religious organizations are permissible so long as they are not the purpose of the government outlay.

Posted: 17 December 2008 10:31 AM   [ Ignore ]   [ # 2 ]
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Total Posts:  699
Joined  2008-10-26

Posted: December 15, 2008
10:19 pm Eastern

© 2008 WorldNetDaily

A lawsuit has been filed against the Federal Reserve Board and U.S. Treasury Secretary Henry M. Paulson Jr. over Wall Street bailout money going to American International Group, which is funding Shariah-compliant insurance and products.

WND reported a week ago that AIG has benefited from two major bailout agreements with the U.S. government giving $152.5 billion in taxpayer dollars to the company. Then it confirmed it is stepping up its dealings with Islamic finance offering homeowners insurance that complies with Islam’s religious Shariah laws.

According to an announcement at the time, Risk Specialists Companies, Inc., or RSC, a subsidiary of AIG Commercial Insurance, was introducing its Shariah-compliant Takaful Homeowners Policy to the U.S.

Edited to remove copyrighted content. A copyright notice itself is not usually considered sufficient; please avoid publishing such content in full, but rather follow the policy of “fair use” (selective quotation) and a link to the original source.


The SHARIA: Islamic Religious Law based on the Qur’an and selected legal interpretations of the Hadith (the sayings of Muhammad), Ijma (Consensus) , Qiyas (Analogy) and Precedent.

[ Edited: 17 December 2008 11:06 AM by dougsmith ]