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This story from Bloomberg just hit the wires this morning.  Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan.  Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.

in the article: US President Barack Obama announced the nomination of current White House chief of staff Jacob Lew as treasury secretary Thursday, underscoring the administration's commitment to slashing entitlements and its domination by Wall Street. Lew, a longtime Washington operative and former Wall Street executive, helped negotiate cuts to Social Security with the Reagan administration in 1983, worked to slash social spending in the Clinton administration's Office of Management and Budget (OMB), and served as the Obama administration's point-man in budget-cutting negotiations with congressional Republicans. Prior to joining the Obama administration in 2009, he earned millions of dollars as the chief operating officer of Citigroup's Alternative Investments unit, which made bets against the housing market as it collapsed. Holy shit. That's maybe all one needs to read of this article. That's pretty ridiculous.

The first word in the holy book of Islam is "Read". So Muslims pay an attention in the study according to Allah's decision. Contributions from the Muslims in world history has been quite remarkable. Particularly, in the field of architecture, Muslims made a great difference. Muslim architecture began with calligraphy during prophet Muhammad. They mainly started it to beautify texts. Later calligraphy decorated different objects such as mosques, houses and much more places. Decoration in Islamic architecture is a major unifying factor. Though Islamic architecture is based on two dimensions, with the use of variations in color and texture, it creates the illusion of different planes. The sense of Geometry helped Muslim architects to use the concept of symmetry and changing scale mirror to create light effects. The use of marble and mosaic is common in Islamic architectures. As Islam spread in the middle east in the early age, the geographical effect of hot climate is quite clear. Fountains and courtyard pools are one of the unique characteristics of Muslim architecture. The presence of water not only beautifies the architectures by creating a reflective effect, but it cools the atmosphere.

The Holy Al-Qur'an is the main root of the Arabic culture owing to Arabic religious, social teachings and moral, and to the reality that it's valid for every place and age, and can keep step with the essentials and the new evolutions of every old age. The Sunnah is the second primal root of culture of the Arab-Islamic. Just as they trusted on the Al-Qur'an and its recall their scientific, intellectual and civilization renascence, Moslems also trusted on their Prophet's Sunnah, after they had recorded, compiled, and divided it into chapters, and later they had committed it in their technological efforts & in their path of life. The culture of Arab-Islamic, which originally bases from the Al-Qur'an and the Sunnah, is a large-minded culture which prophesies coexistence, understanding and dialogue.

Islam is an Abrahamic religion, monotheistic, founded in the seventh century in the Arab peninsula, the territory of modern Saudi Arabia, by the prophet Muhammad and based on religious text known as the Qur'an. Over time a large spread on a territory that stretches across Europe, Asia and North Africa. Religious center is in the holy cities of Mecca and Medina. Most people do not know the exact rules imposed by Islam, but have formed an opinion based on rumors heard. Unfortunately, most of them are wrong, so this is why you have to learn tajweed.

Islam is a balanced religion. It believes in respecting all sects, all cultures and all civilizations. All laws relate to Islam are meant for Muslim benefits . It is true that in the recent years, Islam has become a victim of extremism. The purpose of Islam has never been to spread Islamophobia. Islamic ideas have been exploited to give them the shape of Islamophobia. Islam does not define a mosque and state as distinctive. A mosque is there, to provide a forum to the Muslim to unite and pray. The gesture is to promote congregational prayers, which is also an aspect of Christianity. Islam does not believe in forcing its concepts upon Non-Muslims. Unethical Jehad has never been an Islamic thought. It is just that some extremist groups are trying to manipulate Islam and use the Ideals to their benefit. Islam believes in respecting all religions. That is what the Holy Prophet (PBUH) taught the Muslims. Islam does not preach unkindness to any. May it be your enemy or slave. These are not the aspects of Jihad. A woman can legally have a physical relationship with her husband only. It is definitely no concept of Jihad. Islam believes in respecting a woman, not exploiting her dignity and respect. Islam does not allow illegal confiscation of property during Jihad. Islam does not promote destruction. Taxes does not mean degrading. Taxes are defined to establish a system and maintain a proper division of wealth. If Christian and jews had to pay Jiziah, Muslims had to pay Zakat .Brutality is not a custom of Islam. A Muslim derives so much contentment from Islamic values, that they do not need to run away from the religion. Anything , which drives a person from sanity is not liked in Islam. The reason being that all wrongs can be committed, when a person is drunk and is not in a normal state of mind. This is human nature, that we cannot drive contentment until we avenge someone for the bad they have done to us. However Islam prefers forgiveness. Sometimes a harsh punishment

"Florida church's plan to burn copies of Muslim holy book could endanger US troops' lives, commanders say."

Led by the Nobel Women's Initiative, His Holiness the 14th Dalai Lama and Archbishop Desmond Tutu, along with seven other Nobel laureates, have written and sent President Obama a letter, urging him to reject the proposed Keystone XL tar sands pipeline. -- CW/RSN

It takes a crapweasel with unbelievably huge balls to suggest that God thinks it's great CEOs to make more money than - well, God. John Varley, CEO of Barclays Bank, has had an epiphany.

‎"Six countries that Barack H. Obama has waged waragainst in his 26 months in office. (To anyone who disputes that dropping bombs on a populated land is an act of war, I would ask what they think of the Japanese bombing of Pearl Harbor.) America'sfirst black president now invades Africa. Is there anyone left who still thinks that Barack Obama is some kind of improvement over George W. Bush?"