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Fwd: non-criminal illegal aliens

From: larry.r.trout
non-criminal illegal aliens

'The Obama administration soon will begin its systematic review of the approximately 300,000 pending deportation cases, separating "high priority" cases involving criminals it wants to deport from "low priority" cases it will drop, Homeland Security Secretary Janet Napolitano told Congress Wednesday.

The effort marks another point in an evolution of immigration enforcement away from the worksite raids of the Bush administration and towards deportations of illegal immigrants in prisons and jails.

Napolitano said a group of Homeland Security and Justice Department officials will begin a small "pilot" review of immigration cases in "two or three" weeks, and hopes to rapidly expand its efforts.

Under the policy announced last year, federal immigration officials will place the highest priority on deporting illegal immigrants who pose a danger to public safety and national security, while "administratively closing" other cases, taking into consideration a list of factors. Those factors include the person's length of time in the United States, whether the immigrant arrived as a child, served in the military and has a spouse, child or parent who is a U.S. citizen.

DHS officials say the new policy, which gives immigration officials "prosecutorial discretion," is similar to policies of previous administrations, and is a "common sense" approach to immigration enforcement

Napolitano said the department's focus on criminal illegal immigrants is better than "the ad hoc approach where non-criminal aliens are more likely to be removed than criminals."'



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Fwd: Subprime


'Research by Edward Pinto, a former chief credit officer of Fannie has shown that 27 million loans—half of all mortgages in the U.S.—were subprime or otherwise weak by 2008. That is, the loans were made to borrowers with blemished credit, or were loans with no or low down payments, no documentation, or required only interest payments.

Of these, over 70% were held or guaranteed by Fannie and Freddie or some other government agency or government-regulated institution. Thus it is clear where the demand for these deficient mortgages came from.'

'Beginning in 1992, the government required Fannie Mae and Freddie Mac to direct a substantial portion of their mortgage financing to borrowers who were at or below the median income in their communities. The original legislative quota was 30%. But the Department of Housing and Urban Development was given authority to adjust it, and through the Bill Clinton and George W. Bush administrations HUD raised the quota to 50% by 2000 and 55% by 2007.'


'As housing bubbles grow, rising prices suppress delinquencies and defaults. People who could not meet their mortgage obligations could refinance or sell, because their houses were now worth more.

Accordingly, by the mid-2000s, investors had begun to notice that securities based on subprime mortgages were producing the high yields, but not showing the large number of defaults, that are usually associated with subprime loans. This triggered strong investor demand for these securities, causing the growth of the first significant private market for MBS based on subprime and other risky mortgages.

When the bubble deflated in 2007, an unprecedented number of weak mortgages went into default, driving down housing prices throughout the U.S. and throwing Fannie and Freddie into insolvency. Seeing these sudden losses, investors fled from the market for privately issued MBS, and mark-to-market accounting required banks and others to write down the value of their mortgage-backed assets to the distress levels in a market that now had few buyers. This raised questions about the solvency and liquidity of the largest financial institutions and began a period of great investor anxiety.'


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Fwd: 1 life for 1000

From: larry.r.trout

1 Israeli soldier exchanged for 1000.


'"The deal will happen in two stages -- the first stage the release of 450 Palestinian prisoners, including 315 Palestinian prisoners that have one or many life sentences and the ones who are with high sentences. The second stage will include 550 Palestinian prisoners," he said.

The exchange will also include the release of 27 Palestinian female prisoners, said Meshaal.'


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Fwd: Iran assassination plot

From: larry.r.trout

'FBI and DEA agents have disrupted a plot to commit a "significant terrorist act in the United States" tied to Iran, federal officials told ABC News today.

The officials said the plot included the assassination of the Saudi Arabian ambassador to the United States, Adel Al-Jubeir, with a bomb and subsequent bomb attacks on the Saudi and Israeli embassies in Washington, D.C. Bombings of the Saudi and Israeli embassies in Buenos Aires, Argentina, were also discussed, according to the U.S. officials.

U.S. Attorney General Eric Holder said in an announcement today that the plan was "conceived, sponsored and was directed from Iran" by a faction of the government and called it a "flagrant" violation of U.S. and international law.

"The U.S. is committed to holding Iran accountable for its actions," Holder said.'



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