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Tuesday 21 August 2012

BREAKING NEWS: Janet Jackson CONVERTED TO ISLAM . . . In Preparation For Her $20M Wedding!!

This is to make a final wake up call or reminder for those who have been misled and ridiculed for the so-called Greater Somalia.There is nothing wrong with having peace in Somalia, but reunification is a dream of the past and will never happen until a living camel manages to pass through the thread-hole of the needle. Somaliland has already taken its decision voted by all its people, no need of people like outsiders who are daydreaming of impossible missions that will never takeplace until the whole world perishes.
Southerners should mind their own words, there is and will never be a so-called greater Somalia unless you are being fooled or brainwashed and be careful on wasting your time on false and never practical dreams. And for my beloved Somalilanders, resilience and patience are the key attributes to these dark times and hardwork and optimism will pave the way for our unquestioned goal which is RECOGNITION.

Wednesday 1 August 2012

Regulator says no to Obama mortgage write-down plan

WASHINGTON (Reuters) - The top housing regulator rebuffed a plan by the Obama administration to cut mortgages held by struggling homeowners, a blow to the White House, which is keen to show voters it can help fix the housing market.
The regulator for government-run housing finance giants Fannie Mae and Freddie Mac said on Tuesday that using taxpayer-funded bank bailout money could encourage defaults and not make a big improvement in reducing foreclosures in a cost-effective way for taxpayers.
"The anticipated benefits do not outweigh the costs and risks," said the Federal Housing Finance Agency's head Edward DeMarco, who has come under intense pressure from the government to agree to the plan.
The regulator's decision drew an immediate rebuke from the Obama administration and Democratic lawmakers. Treasury Secretary Timothy Geithner disputed the agency's conclusions and urged DeMarco to reconsider his decision.
The housing market started deteriorating in 2006 and wiped out trillions of dollars in equity. Although the market has shown signs of recovery, about 11 million homeowners owe more than their properties are worth and the Obama administration has struggled with various taxpayer-funded programs to keep people in their homes.
"I do not believe it is the best decision for the country," Geithner told DeMarco in a letter released to the media.
The use of targeted principal reduction would "provide much needed help to a significant number of troubled homeowners, help repair the nation's housing market and result in a net benefit to taxpayers," Geithner said.
Despite several plans to tackle the country's housing problems, most of which is focused on giving homeowners the opportunity to refinance at lower interest rates, the administration has yet to come up with a plan to stabilize the market.
Obama, a Democrat, is trying to convince voters ahead of the November presidential election that his policies have helped the economy recover from dire days of the financial crisis and ensuing recession. His Republican challenger, Mitt Romney, has said the foreclosure process should be allowed to run its course and hit the bottom.

United flight temporarily diverted because of camera


(Reuters) - A "suspicious item," which turned out to be a camera, caused a United Airlines flight bound for Geneva, Switzerland, to be temporarily diverted to Boston on Tuesday night, according to officials.
Flight 956 from Newark, New Jersey, landed safely at Logan International Airport in Boston at about 9:10 p.m. so authorities could investigate a "suspicious item," Massachusetts Port Authority spokesman Richard Walsh said.
Passengers were taken off the plane and state police scanned the aircraft, Walsh said.
The troublesome item turned out to be a camera, which was x-rayed and cleared, Massachusetts State Police Trooper Thomas Murphy said. Passengers reboarded the plane, which took off again for Switzerland at approximately 10:30 p.m., Murphy said.
A spokesperson for United Airlines was not immediately available for comment.
(Reporting By Mary Wisniewski; Editing by Greg McCune and Stacey Joyce)