Dr. Jerry Corsi writes in World Net Daily that 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.

WHAT????!!!???

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.

The crisis is an opportunity for sovereign wealth funds that have prospered as the price of oil has soared over $110 a barrel.

WND previously reported sovereign wealth funds in six Persian Gulf countries, including Kuwait, the United Arab Emirates and Qatar, have now amassed $1.7 trillion, positioning them for attempts to control major banks and securities firms in the U.S.

The question is whether political strings will come with the investment from the Islamic oil-rich states.

Like Sharia law! Good God in heaven help us. Dr. Corsi joins us tonight with the full story.

ALSO ON TONIGHT’S RADIO PROGRAM…

Dr. Walid Phares, who says:

“The long term Jihadist strategies aim at numbing Western reaction to the surging of the combat and urban Jihadists. The immense sums of money inserted in the West in general, in the United States and European institutions in particular by Oil backed regimes and circles penetrated the educational systems and created a defense line for the rise of Salafism and Khomeinism. The reason for why Westerners are not able to unify their positions and clarify their statements regarding the ideology and tactics of the Terror forces is fundamentally grounded in the penetration by these long term Jihadi influences inside the educational and academic systems.”

Tonight’s doubleheader with two MAJOR guests gets underway at 9 p.m. EDT and runs for 90 minutes. Join us.

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