U.S. Treasury Fears Islamic Strings on Investments

Excerpt:  The U.S. Treasury is struggling with how to handle any political or Islamic ramifications as Persian Gulf sovereign wealth funds look to make substantial investments in capital-poor American banks and securities firms.The crisis in mortgage-backed securities has created a need for new capital to enter financial markets after major financial institutions such as Bear Stearns and Carlyle Capital Corp. failed over the weekend.

Read More

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=59312