Bob McCarty Writes

After you read the excerpt below from Frank Gaffney’s piece on Sharia-compliant finance published today at BigGovernment.com, you’ll begin to understand the seriousness of the story and why I designed the new faux logo for AIG (above):

It appears that, through it’s 77.9% control of AIG’s equity and voting rights, the NYFed “sought to accomplish an illegal financial transaction through false means” by creating an “independent”: trust that was in fact not independent, placing it “in violation of federal anti-money laundering statutes (18 USC § 1956).” Here we elaborate a bit further, laying out the issue in the text of a letter submitted to Neil Barofsky, Special Inspector General for TARP (SIGTARP)– as the government takeover of AIG was accomplished using funds provided to the Troubled Asset Relief Program.

Click here to read the rest of Gaffney’s piece.