Mortgage probe could lead to action soon

NEW YORK (CNNMoney) — A joint federal and state probe into mortgage-backed securities fraud is close to “significant action,” with a possible announcement in coming weeks or months, according to a source familiar with the probe. Despite last week’s announcement that the Department of Justice was closing a criminal investigation […]

Saudis use summit to isolate Syria, Iran

Credit: Asia Times: “To examine the situation in many countries of the Islamic world, intensify efforts to confront this situation, address the sources of discord and division therein, reunify the Islamic Ummah and promote Islamic solidarity.” That is how Saudi Arabia’s leaders initially justified their decision to hold a special […]

Deadly clashes erupt in northwest Pakistan

Credit: CNN via Wasim Sroya Islamabad, Pakistan (CNN)— A deadly clash between government forces and Taliban militants erupted in Pakistan’s restive tribal belt Tuesday, marking continued unrest in the Orakzai district — an area government officials last year claimed they had largely pacified. Pakistani Army Col. Asif Khan said 35 […]