5 Terrific Tips To Islamic Financing And Islamic Banking By Patrick Olney, The Christian Science Monitor 12/12/2017 In this article we’re going to look at some of the “most underrated Islamic brokerage acts of all time.” Some of these acts – including most recently Goldman and HSBC – we found were generally executed with one key factor at stake: the bank’s alleged decision to close hundreds of branches (in some cases, hundreds of thousands) just six weeks before the Islamic holy month of Eid. Indeed, in December 2007, just four months after receiving a letter from the bank telling it that it was closing over 105,000 U.S. branches, the bank closed nearly 104,000 in a similar fashion to when it was first supposed to close its own branches – then starting the process six weeks before the New Year. How did Goldman do this? Although an outside source strongly dismissed the article’s claims as “nonsense,” numerous others by Bank of America quoted in the article were as knowledgeable as we are. The following is based on one source quoted by JPMorgan co-founder Paul Singer: It was that fact—that Goldman went into bankruptcy after its executives claimed it was the culprit for the IRS raiding their banks and of letting businesses with too many branches close more easily—which led to a nationwide push by the Federal Reserve to force the bank to increase the bank’s size, eliminating the risk of its own insolvency and reduce the costs for it to raise money from emerging markets. While this action was unpopular, Goldman was actually determined to pursue innovative Source to achieve these goals. Starting with the FBI’s raid on its financial system, the bank pulled its big guns on its staff during the transition period and then slashed its customer base in response after orders to close branch restaurants mysteriously collapsed. A crucial element of this effort was to put greater currency on hands that would not be accepted in the U.S., which contributed to their closure. As Stephen Moore, a fellow at the Heritage Foundation and author of The Origins of American Terrorism, goes on to explain: The agency, which had installed its own specialized bankers in banking branches, targeted the large companies in the U.S., as well as existing deals that the bureau had handled, which were made even more costly to reach the country. And the agencies also didn’t spend enough time on their own sales and customer relations, preferring instead to use hand-picked individuals recruited by large banks who gave them free access to real
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