Either way, the financial sector will have guiltyknowledge about Shariah-Compliant Finance and be vulnerable to problems that will make sub-prime look like a day at the beach.
The lawsuit accused Boeing executives of hiding structural problems with the 787 Dreamliner that would delay its launch last year, saying Boeing Chief James McNerney and others acted with scienter, or guiltyknowledge.
In the Citigroup lawsuit, for example, lawyers needed to show that bank executives acted with scienter, or guiltyknowledge, when they loaded the bank up with soon-to-be-worthless derivatives that were a byproduct of their mortgage-backed securities business.