Hamas moves on Fatah 'collaborators'

By KHALED ABU TOAMEH

The Hamas government has placed dozens of Fatah members under house arrest out of fear that they might exploit the current IDF operation to regain control of the Gaza Strip.

The move came amid reports that the Fatah leadership in the West Bank has instructed its followers to be ready to assume power over the Gaza Strip when and if Israel's military operation results in the removal of Hamas rule.

Fatah officials in Ramallah told The Jerusalem Post that Hamas militiamen had been assaulting many Fatah activists since the beginning of the operation last Saturday. They said at least 75 activists were shot in the legs while others had their hands broken.

Wisam Abu Jalhoum, a Fatah activist from the Jabalya refugee camp, was shot in the legs by Hamas militiamen for allegedly expressing joy over the IDF air strikes on Hamas targets.

"Hamas is very nervous, because they feel that their end is nearing," a senior Fatah official said. "They have been waging a brutal campaign against Fatah members in the Gaza Strip."

Meanwhile, sources close to Hamas revealed over the weekend that the movement had "executed" more than 35 Palestinians who were suspected of collaborating with Israel and were being held in various Hamas security installations.

The sources quoted Hamas officials as saying that the decision to kill the suspected collaborators was taken out of fear that Israel might try to rescue them during a ground offensive. The officials claimed that at least half of the victims were killed by relatives of Palestinian militiamen who were killed as a result of information passed on to Israel by the "collaborators."

Justifying the latest crackdown on Fatah, a Hamas official in Gaza City said that his government had received information according to which Palestinian Authority President Mahmoud Abbas had instructed his loyalists in the Strip to start moving toward undermining Hamas.

"We will kill them all if they try to help Israel bring down our government," the official said. "We will hang Mahmoud Abbas and [former Fatah security chief] Muhammad Dahlan in the public square if they try to enter the Gaza Strip aboard Israeli tanks."

The Hamas official said that his security forces had launched a massive "preemptive" campaign aimed at thwarting Fatah's attempts to "spread anarchy and chaos." He confirmed that many Fatah operatives had been shot in the legs over the past few days by Hamas "to make sure that they don't help Israel."

Fahmi Za'arir, a Fatah spokesman in the West Bank, accused Hamas of "executing" a number of Fatah detainees. He said the Fatah leadership knew of at least two Fatah men who were shot dead by Hamas after being released from prison. He named them as Nasser Muhana and Saher al-Silawi.

Za'arir said that several Fatah members who attended funerals of victims of the IAF strikes were severely beaten by Hamas militiamen who accused them of collaboration with Israel.

It was "shameful" that Hamas was directing its weapons and energies against its own people instead of fighting against Israel, the spokesman said.

The decision to place Fatah operatives under house arrest was issued by the much-feared "Internal Security Apparatus," which reports to the Hamas-controlled Interior Ministry in Gaza.

The order, which was delivered to the Fatah activists on Thursday, reads: "You are forbidden from leaving your home for 48 hours unless you want to attend Friday prayers. Anyone who violates the order will be punished."

Son of Hamas Leader Gives Glimpse Into Terror Organization

from Fox News

As Secretary of State Condoleezza Rice and other world leaders try to broker a cease-fire agreement between Israel and Hamas, one former member of the militant Islamic organization said there will never be lasting peace between the two groups.

"There is no chance. Is there any chance for fire to co-exist with the water?" said Mosab Hassan Yousef, the son of one of the group's founding members.

Yousef added: "It's not about Israel, it's not about Hamas: it's about both ideologies."

Yousef, son of Sheikh Hassan Yousef, one of the most influential leaders of the militant group, said the organization betrays the Palestinian cause and tortures its own members.

• Video: Click here for more on FOX News' special Escape from Hamas.

Hamas, formed in the late 1980's as an outgrowth of the Palestinian branch of the radical Muslim Brotherhood, is considered a terror organization by the U.S. government. Hamas seized power in the Gaza strip in 2007 in a violent coup against the more moderate Palestinian Authority led by Mahmoud Abbas.

Yousef said he was indoctrinated at an early age to use violence to challenge Israeli control in the region. As a teenager he moved up within the organization and became the leader of the radical Islamic Youth Movement that fought Israeli tanks and troops in the streets, celebrated suicide bombings and recruited young men to the cause.

Yousef, 30, said he realized the true nature of Hamas and radical Islam during a stint in an Israeli prison. He renounced his Muslim faith, left his family behind in Ramallah and converted to Christianity.

"Islam is not the word of God," said Yousef. "If you want to be offended it's your problem. But you know something? Go study. Think for a second that I might be right. So wake up, look at your path, see where you're going. Are you really going to heaven with 72 virgins after you kill yourself and kill another 20 people?"

Yousef has sought asylum in the United States and now attends an evangelical Christian church in San Diego, Calif.

"The Hamas leadership, including my father, they're responsible; they're responsible for all the violence that happened from the organization. I know they describe it as reaction to Israeli aggression, but still, they are part of it and they had to make decisions in those operations against Israel (for) which there was the killing of many civilians."

Yousef talks more about his extraordinary story of faith, courage, violence and betrayal in a FOX News documentary, "Escape From Hamas," hosted by Bill Hemmer.

Escape from Hamas airs Saturday at 9 p.m., with repeats at 1 a.m. and 4 a.m. EST, and Sunday at 9 p.m., with repeats at 12 midnight, 2 a.m., EST.

• Click here to view video of Mosab Hassan Yousef speaking out.

Roseanne Barr blasts Israel as 'Nazi state'

(Compiler's note: She is one sick woman. And will someone explain to me one more time exactly what her qualifications are -- other than being a "TV Star" -- on the subject she is discussing?)

Iranians urge kids to fight 'evil' Israel

from WorldNetDaily

Amid Israel's counteroffensive in Gaza to stop rocket attacks against its civilian population, an Iranian children's TV show taught toddlers to embrace "martyrdom" and hate their Jewish "enemies."

The TV host asked the Iranian children what they would do if they were in the place of the Palestinian children, "Would we surrender, or would we fight back?"

The children replied in unison: "Fight back."

A child chimed in: "We would all get together so we could fight. ..."

The TV host finished the child's sentence: " ... the enemies and the bad people. That's right, we would struggle against them and fight them."

The host declared she is willing to be a martyr for Islam.

"I am willing to sacrifice myself. I am willing to sacrifice my arms, my legs, and all my limbs, my family, and my property, in order to achieve my goals," she said.....

Muslim 'preachers of hate' hunted

LONDON -- Thousands of Britain's local government employees will return to work in 2009 to find they have been recruited to help MI5 identify Muslim "preachers of hate."

Refuse collectors, parking wardens and postmen will be among those who will be told to watch out for anyone they think "skirts the fringes of the law" under the Counter-Terrorism Local Profiles Campaign, which Home Secretary Jacqui Smith has announced.

"It will enable us to more quickly identify extremists and preachers of hate in our midst," MI5 director Jonathan Evans has told his officers.....

“Wall Street’s Next Big Trade…”

(Compiler's note: "Follow the money" still holds true for the coming bailouts)

by Larry Johnson

Secretary of the Treasury Henry Paulson has become a household name over the course of 2008. Paulson has been roundly criticized for his mixed messages and inconsistent use of funds from the $700 billion TARP (Troubled Asset Repurchase Program).

While most of us have seen more of Henry than we would have ever cared, allow me to introduce you to another Paulson. John Paulson (no relation to Henry) is one of, if not, the most highly acclaimed and profitable hedge fund managers on Wall Street. While investment banks, hedge fund managers, and most asset managers were investing in and promoting sub-prime mortgages and the like, John Paulson was “going the other way.” In 2006, he started shorting sub-prime originators, the ABX (the CDS index that tracked the sub-prime market) and the investment banks that most heavily trafficked in this sector. He personally and the investors in his fund made tidy fortunes in the process.

The reason for my introducing you to John Paulson at this juncture is because he wants to enter the world of community banking. One may wonder why a titan from Wall Street would want to enter into the world of regional and community banking.

This past summer, the first large bank to fail was Indymac Bank located in Pasadena, CA. Since then there have been another 24 banks that have failed with another 200 on the FDIC “watch list.”

Enter John Paulson, along with J.C Flowers of private equity shop J.C Flowers and Co., and Steve Mnuchin from hedge fund Dune Capital. Paulson, Flowers, and Mnuchin are about to purchase Indymac. Flowers already took a controlling stake in a small community bank in Missouri. By the end of Friday, none other than George Soros and Michael Dell were also part of the consortium purchasing Indymac. With a group as high profile and diverse as this, do you think they are getting a fabulous deal?

What do these transactions give them? Well, what does any hedge fund or private equity shop want? Cheap funding, a strong backer that will absorb losses, a bigger balance sheet, and a source of cheap assets. Indymac Bank provides cheap funding from the consumer deposit base (savings and checking accounts paying very little and CDs paying 2-3%). Indymac Bank has a strong backer in the form of the U.S. government that will agree to underwrite a significant percentage of non-performing assets. This loss sharing technique was widely utilized in the S&L meltdown in the late ’80s and will very likely be used again. Indymac Bank has cheap assets currently on its books but also can utilize its balance sheet to buy more cheap assets as it lays off unwanted assets onto ………the U.S. government!!

What do these hedge fund and private equity fund managers bring to the equation? Capital and an expanded balance sheet, both of which are desperately needed by our banking system currently.

Why have banking regulators, the FDIC and the Office of the Comptroller of the Currency, been reluctant to engage these companies and others like them in the purchase of failed institutions? I mean, this is the essence of capitalism and risk taking, correct? Shouldn’t these purchases be promoted? Even our highly respected analyst Meredith Whitney has been recommending that federal funds be directed toward smaller regional and community banks. Won’t these transactions help accomplish that? Not necessarily!!

My concern, and it has been shared by the regulators to this point, is that these hedge fund and private equity managers will not promote the core mission of community lending at these banks.

Hedge fund managers and private equity investors are primarily focused on return on capital without the obligations of traditional banking. How do they most effectively achieve that? Cut expenses and overhead as aggressively as possible. In my estimation, they would just as soon have an online bank with little to no infrastructure. Utilize adverse selection in terms of assets at these banks that they will retain. Adverse selection is simply the process of cherry-picking the existing portfolio. The government will certainly end up with the dregs. Grow the portfolio not through lending but via the purchase of illiquid assets already in the marketplace which have expected returns higher than those on traditional lending.

Another concern is the potential conflict of interest in the bank activities versus the ongoing investment activities at the hedge fund and private equity fund. If there is ever a situation screaming out for aggressive regulatory oversight it is the entry of these buyers into the banking business.

Again, I am a strong and steady proponent of free and open markets in which private capital has an opportunity to take risk to generate returns. I welcome and applaud the government for the willingness to deal with “new money” but I hope that strong and demanding regulators are reviewing this operation regularly. We need to make sure these new buyers know how to “play nice in the local sandbox.”

Read more about this deal and how the rough and tumble world of hedge funds and private equity wants to “come to a town near you”….

SEE: WSJ article

I thought that it may also be helpful to provide a link which highlights all of the banks in our country. This list comes from the FDIC and ranks, in descending order, the risk embedded in these banks as measured by their troubled credits utilizing the Texas Ratio, which is determined as follows:

100 * ((non-performing assets - U.S. gtd loans) + other REO (real estate owned)) / (equity + loss reserves)

The 95 banks with a ratio higher than 100 are considered to be in very serious danger of collapse. Well worth a look!! Additionally those banks with very low ratios may be a great place to start for those looking to make equity investments.

LewRockwell.com

I have to believe that Messrs. Paulson, Flowers, Mnuchin, Soros, and other hedge fund and private equity managers are already booking travel plans!!!

Trying to stay ahead of the curve for you here at NQ!!!

LD

Hizballah, MAS at Israeli Embassy in Washington

from Jihad Watch

Hizballah flag at left

Mahdi Bray of the Muslim American Society Freedom Foundation

These photos come from the Muslim American Society-sponsored protest Friday at the Israel Embassy in Washington.

A bit of background: you can see Mahdi Bray in this video from 2000, openly expressing support for the jihad terrorist groups Hamas and Hizballah:

In 2007 Bray put this lame spin on that video:

Bray said his gestures weren’t in support of Hamas and Hezbollah.

“You saw me pumping my fists. You didn’t see me raising my hands. If they had shown the audience, you would have seen people in the audience raising their hands and falling out laughing,” he said. “For him to come and make these kinds of radical rants, no one took him seriously.”

Bray said he does not support violence, and would have been more judicious in his reaction had the event happened after Sept. 11, 2001.

And now here's a chance for Bray to issue some new disavowals!

Mahdi Bray is the Executive Director of the Muslim American Society Freedom Foundation.

In a lengthy expose of Muslim Brotherhood activity in the US, the Chicago Tribune published this in 2004: "In recent years, the U.S. Brotherhood operated under the name Muslim American Society, according to documents and interviews. One of the nation's major Islamic groups, it was incorporated in Illinois in 1993 after a contentious debate among Brotherhood members."

And what is the Muslim Brotherhood's agenda?

The Muslim Brotherhood "must understand that their work in America is a kind of grand Jihad in eliminating and destroying the Western civilization from within and "sabotaging" its miserable house by their hands and the hands of the believers so that it is eliminated and God's religion is made victorious over all other religions." -- "An Explanatory Memorandum on the General Strategic Goal for the Brotherhood in North America," by Mohamed Akram, May 19, 1991.