breddy2000
01-14 10:07 AM
Wall Street's Rigged Casino
http://www.financialsense.com/fsu/editorials/barry/2009/0113.html
Last year was certainly a turbulent one for investors. Not only did good assets and companies sell off with bad, but the very integrity of the U.S. markets was brought into question. Financial firms spend millions of dollars convincing the average citizen that investing in stocks is necessary and prudent, yet the playing field is far from level. Fraud, naked shorting and other forms of manipulation are now endemic to the American markets. As Overstock's lawyer, John O'Quinn points out, “You have more chance to be treated fairly in a casino in Vegas.” How can you invest if you can't trust the system?
Jim Puplava, Mike Schneider and a few other journalists have exposed the prevalence of naked shorting on Wall Street. While selling short is a legitimate activity, naked shorting occurs when parties sell shares they don't own and don't intend to borrow, causing more shares to be traded than actually exist. Approximately 7.5% of the trades reported by the DTCC fail to deliver each day, and this agency is private and not at all transparent. Furthermore, 96% of all stock transactions are completed outside the official system and are totally unregulated.
Regulation SHO was enacted in 2005 by the Securities and Exchange Commission (SEC) to supposedly eliminate chronic settlement failures by forcing brokers to close out positions after thirteen consecutive trading days. However the regulation doesn't cover small and micro cap companies, or failures to deliver (FTDs) that are below a certain numerical threshold. Market makers were exempt from this regulation until last fall, and old FTDs were allowed to remain open. Some corporations remained on the threshold list for over a year consecutively with no relief from the SEC.
Chairman Cox admitted in July 2006 that there were many large loopholes in Regulation SHO which allowed predatory shorting to continue. Few firms were investigated, and even those brokers who were caught paid minimal fines. Almost nothing was done until naked shorting threatened “the stability of financial institutions,” according to Cox. In July 2008, the SEC banned naked shorting of 19 select financial firms. With this rule and the subsequent emergency order banning all short selling in 799 financial institutions, Cox admitted that naked shorting was a serious problem, but the SEC would only enforce the rules for certain institutions that deserved the effort.
The Commission has demonstrated where its real allegiance lies, and it’s not with the small investor. For years, hedge funds, brokerages, and investment banks soaked up fat profits by naked shorting promising companies to death. These shorts never have to be covered if the company is delisted and goes bankrupt, so it’s a very lucrative criminal practice. When some of these same corporations that preyed on small cap stocks suffered share price drops due to their hideous balance sheets, the SEC moved in to give them special protection.
Even with some of the loopholes closed, market manipulation still goes on. As Allan Young points out on his website, naked shorting is in effect another derivative like credit default swaps or mortgage backed securities. Predatory brokers can sell more shares than exist, as if they are buying a put (a bet that prices will go down). Sell enough shares and you can ensure your bet is correct. These brokers can later close out their naked shorts and avoid censure from the SEC.
Although the most egregious violations of the naked short rules have been eliminated, with corporations like Overstock now off the naked short list, much of the damage has already been done. Many solid businesses have been naked shorted out of existence, leading to unemployment and destruction of wealth for millions of taxpayers. U.S. citizens are angry and scared as they watch their stock portfolios shrink, and see their pensions in jeopardy.
This begs the question as to why the U.S. government would prop the markets up on one hand using the Plunge Protection Team, while allowing naked shorting on the other which pushes the share prices down. I can only conclude that the system is designed to redistribute wealth from small investors to elite bankers and hedge fund managers. Perhaps the stock markets were allowed to decline so the politically connected shorts could cover profitably. With the close relationship between Wall Street, regulators, Congress, and the Treasury Department full of former Goldman Sachs executives, it's clear that the average worker with retirement money invested in the market is at an extreme disadvantage.
The SEC suffered another embarassment with the revelation that Bernard Madoff ran a US$50 billion Ponzi scheme disguised as a hedge fund for several years. Only a tip from Madoff's sons to the FBI unraveled the scheme. In fact, the SEC investigated Madoff's company eight times over more than a decade and failed to find any fraud. A former SEC attorney is now married to Madoff's niece, raising doubts about his objectivity in examining Madoff's books. Even when Harry Markopoulos, a private whistleblower, produced evidence that Madoff's trading results could not be replicated, no one at the SEC took him seriously.
Congress has been quick to blame Commissioner Cox, a former colleague for the Madoff scandal. However, missteps and inadequate enforcement predate Cox, who has only run the SEC since August 2005.
Obama's pick to replace Cox, Mary Schapiro has many flaws of her own. She previously appointed one of Madoff's sons to a disciplinary board, making her judgement look very poor. Schapiro is currently chief of the Financial Industry Regulatory Authority, a self regulating body which has been even less willing than usual to crack down on Wall Street abuses during her tenure. She ran the Commodity Futures Trading Commission (CFTC) under President Clinton, an agency that has been unable or unwilling to perceive the manipulation in the precious metals markets while pursuing collusion in other commodities. Schapiro stated she was inspired to pursue a regulatory career by watching the Hunt brothers' silver moves, so we know where her biases lie.
As an analyst, I spend hours each week poring over balance sheets, and reading financial statements of companies I may want to recommend to my subscribers. My task is made very difficult by the widespread financial fraud. While Madoff's results were too good to be true, other forms of deception are extremely hard to detect. Satyam is the latest scandal to hit Wall Street. Although the corporation is headquartered in India, Satyam has Fortune 500 clients in the U.S. and is listed on the NYSE. It has to comply with Sarbanes-Oxley regulations just like any American company, rules that are supposed to enforce honesty and transparency. Satyam – which is Sanskrit for truth - was awarded the Golden Peacock award for corporate governance just three months ago, in an amazing bit of irony.
With all these scandals, no wonder Merrill Lynch reports that rich customers are demanding gold coins and bars instead of shares in “paper gold” like ETFs. Credible stories indicate that the COMEX warehouses are experiencing record activity as receipt holders seek delivery of their gold. Brokers are apparently attempting to discourage this activity to squelch metal demand. When trust is eroded, people naturally seek safety in an asset without counterparty risk like gold.
If you are a stock investor despite all these perils, how to you separate the wheat from the chaff? First you have to find industries with impeccable fundamentals. While commodities suffered greatly in 2008, I believe they will see a strong rebound in 2009.
Second, check the track record of management and look for any hints of impropriety. Third, read the financial statements and look for unnecessarily complicated structures or conflicts of interest: these are red flags. Fourth, if results seem unbelievably excellent, they may be fictional. Fifth, while you can no longer take delivery of shares in the United States, you can contact the companies you invest in to determine if you are on the list of legitimate shareholders or a victim of naked shorting. Sixth, diversify into several different companies so if one is fraudulent you don't lose all your money. With the danger inherent in stocks, I recommend only investing capital you can afford to lose.
http://www.financialsense.com/fsu/editorials/barry/2009/0113.html
Last year was certainly a turbulent one for investors. Not only did good assets and companies sell off with bad, but the very integrity of the U.S. markets was brought into question. Financial firms spend millions of dollars convincing the average citizen that investing in stocks is necessary and prudent, yet the playing field is far from level. Fraud, naked shorting and other forms of manipulation are now endemic to the American markets. As Overstock's lawyer, John O'Quinn points out, “You have more chance to be treated fairly in a casino in Vegas.” How can you invest if you can't trust the system?
Jim Puplava, Mike Schneider and a few other journalists have exposed the prevalence of naked shorting on Wall Street. While selling short is a legitimate activity, naked shorting occurs when parties sell shares they don't own and don't intend to borrow, causing more shares to be traded than actually exist. Approximately 7.5% of the trades reported by the DTCC fail to deliver each day, and this agency is private and not at all transparent. Furthermore, 96% of all stock transactions are completed outside the official system and are totally unregulated.
Regulation SHO was enacted in 2005 by the Securities and Exchange Commission (SEC) to supposedly eliminate chronic settlement failures by forcing brokers to close out positions after thirteen consecutive trading days. However the regulation doesn't cover small and micro cap companies, or failures to deliver (FTDs) that are below a certain numerical threshold. Market makers were exempt from this regulation until last fall, and old FTDs were allowed to remain open. Some corporations remained on the threshold list for over a year consecutively with no relief from the SEC.
Chairman Cox admitted in July 2006 that there were many large loopholes in Regulation SHO which allowed predatory shorting to continue. Few firms were investigated, and even those brokers who were caught paid minimal fines. Almost nothing was done until naked shorting threatened “the stability of financial institutions,” according to Cox. In July 2008, the SEC banned naked shorting of 19 select financial firms. With this rule and the subsequent emergency order banning all short selling in 799 financial institutions, Cox admitted that naked shorting was a serious problem, but the SEC would only enforce the rules for certain institutions that deserved the effort.
The Commission has demonstrated where its real allegiance lies, and it’s not with the small investor. For years, hedge funds, brokerages, and investment banks soaked up fat profits by naked shorting promising companies to death. These shorts never have to be covered if the company is delisted and goes bankrupt, so it’s a very lucrative criminal practice. When some of these same corporations that preyed on small cap stocks suffered share price drops due to their hideous balance sheets, the SEC moved in to give them special protection.
Even with some of the loopholes closed, market manipulation still goes on. As Allan Young points out on his website, naked shorting is in effect another derivative like credit default swaps or mortgage backed securities. Predatory brokers can sell more shares than exist, as if they are buying a put (a bet that prices will go down). Sell enough shares and you can ensure your bet is correct. These brokers can later close out their naked shorts and avoid censure from the SEC.
Although the most egregious violations of the naked short rules have been eliminated, with corporations like Overstock now off the naked short list, much of the damage has already been done. Many solid businesses have been naked shorted out of existence, leading to unemployment and destruction of wealth for millions of taxpayers. U.S. citizens are angry and scared as they watch their stock portfolios shrink, and see their pensions in jeopardy.
This begs the question as to why the U.S. government would prop the markets up on one hand using the Plunge Protection Team, while allowing naked shorting on the other which pushes the share prices down. I can only conclude that the system is designed to redistribute wealth from small investors to elite bankers and hedge fund managers. Perhaps the stock markets were allowed to decline so the politically connected shorts could cover profitably. With the close relationship between Wall Street, regulators, Congress, and the Treasury Department full of former Goldman Sachs executives, it's clear that the average worker with retirement money invested in the market is at an extreme disadvantage.
The SEC suffered another embarassment with the revelation that Bernard Madoff ran a US$50 billion Ponzi scheme disguised as a hedge fund for several years. Only a tip from Madoff's sons to the FBI unraveled the scheme. In fact, the SEC investigated Madoff's company eight times over more than a decade and failed to find any fraud. A former SEC attorney is now married to Madoff's niece, raising doubts about his objectivity in examining Madoff's books. Even when Harry Markopoulos, a private whistleblower, produced evidence that Madoff's trading results could not be replicated, no one at the SEC took him seriously.
Congress has been quick to blame Commissioner Cox, a former colleague for the Madoff scandal. However, missteps and inadequate enforcement predate Cox, who has only run the SEC since August 2005.
Obama's pick to replace Cox, Mary Schapiro has many flaws of her own. She previously appointed one of Madoff's sons to a disciplinary board, making her judgement look very poor. Schapiro is currently chief of the Financial Industry Regulatory Authority, a self regulating body which has been even less willing than usual to crack down on Wall Street abuses during her tenure. She ran the Commodity Futures Trading Commission (CFTC) under President Clinton, an agency that has been unable or unwilling to perceive the manipulation in the precious metals markets while pursuing collusion in other commodities. Schapiro stated she was inspired to pursue a regulatory career by watching the Hunt brothers' silver moves, so we know where her biases lie.
As an analyst, I spend hours each week poring over balance sheets, and reading financial statements of companies I may want to recommend to my subscribers. My task is made very difficult by the widespread financial fraud. While Madoff's results were too good to be true, other forms of deception are extremely hard to detect. Satyam is the latest scandal to hit Wall Street. Although the corporation is headquartered in India, Satyam has Fortune 500 clients in the U.S. and is listed on the NYSE. It has to comply with Sarbanes-Oxley regulations just like any American company, rules that are supposed to enforce honesty and transparency. Satyam – which is Sanskrit for truth - was awarded the Golden Peacock award for corporate governance just three months ago, in an amazing bit of irony.
With all these scandals, no wonder Merrill Lynch reports that rich customers are demanding gold coins and bars instead of shares in “paper gold” like ETFs. Credible stories indicate that the COMEX warehouses are experiencing record activity as receipt holders seek delivery of their gold. Brokers are apparently attempting to discourage this activity to squelch metal demand. When trust is eroded, people naturally seek safety in an asset without counterparty risk like gold.
If you are a stock investor despite all these perils, how to you separate the wheat from the chaff? First you have to find industries with impeccable fundamentals. While commodities suffered greatly in 2008, I believe they will see a strong rebound in 2009.
Second, check the track record of management and look for any hints of impropriety. Third, read the financial statements and look for unnecessarily complicated structures or conflicts of interest: these are red flags. Fourth, if results seem unbelievably excellent, they may be fictional. Fifth, while you can no longer take delivery of shares in the United States, you can contact the companies you invest in to determine if you are on the list of legitimate shareholders or a victim of naked shorting. Sixth, diversify into several different companies so if one is fraudulent you don't lose all your money. With the danger inherent in stocks, I recommend only investing capital you can afford to lose.
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pal351
04-13 01:17 PM
E-filing ..approved in 14 days .....received cards last week ...
Can you please tell me which service Center you sent your applicatipn and when dates .
Thanks,
-Pal
Can you please tell me which service Center you sent your applicatipn and when dates .
Thanks,
-Pal
desigirl
02-21 02:31 PM
New letter to all registered members asap. We need to wake up willing but inactive members to get their participation.
Yes. Members have to start realizing that this effort is for our collective benefit, and participate in the event.
Yes. Members have to start realizing that this effort is for our collective benefit, and participate in the event.
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NolaIndian32
04-18 11:49 AM
Team IV Members can now post questions for personal trainers on the blog site. SoCal Trainer and NewOrleans Trainer are ready and waiting!!
http://teamiv-year2008.blogspot.com/
http://teamiv-year2008.blogspot.com/
more...
willgetgc2005
03-01 09:49 AM
Guys,
Any response ?
Any response ?
thescadaman
09-20 09:01 PM
There are just too many fond memories to share in one post... but I do want to specially thank leo2606 who drove 70 miles to pick up myself, venkygct, vsraja and punjabi at the Dulles airport and then took us out for breakfast, then to the rally venue, then for lunch, finally to a hotel room we had booked for a quick shower, basically... like a shadow he was with us wherever we wanted to go! And... whenever we thanked him (and gdhiren who co-ordinated pickups/dropoffs for many ....
A Special thanks to the Lets Partner to Increase Thread. I am proud to say that I am a successful graduate of that thread. Three members including Abhijit found sponsors for my ticket and thats how I was able to represent Texas in the DC Rally.
I did not realize that our guitarist was Abhijit. Abhijit, I did greet you while you were walking towards the registration booth in the morning. Had I knew that it was you, I would have thanked you there itself!
A Special thanks to the Lets Partner to Increase Thread. I am proud to say that I am a successful graduate of that thread. Three members including Abhijit found sponsors for my ticket and thats how I was able to represent Texas in the DC Rally.
I did not realize that our guitarist was Abhijit. Abhijit, I did greet you while you were walking towards the registration booth in the morning. Had I knew that it was you, I would have thanked you there itself!
more...
paskal
06-27 06:53 PM
The good thing is eliminating the country quota is always lumped with doubling the total quota and/or recapturing previous years waste, so hopefully the affect evens itself out.. Eliminating the coutry qouta by itself is a disaster.
the elimination of country quotas alone only redistributes pain...where our goal is to end everyone's pain. we asked for all the measures on our agenda and we support the whole package together. we want a better immigration system for everyone.
the elimination of country quotas alone only redistributes pain...where our goal is to end everyone's pain. we asked for all the measures on our agenda and we support the whole package together. we want a better immigration system for everyone.
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newuser
08-02 03:31 PM
I press the stop button once the page is loaded.It works. Seems the page keeps refreshing
automatically.
automatically.
more...
Hassan11
03-19 11:50 AM
Randy,
I think you are wrong. you might read his forum but I think you missed this. he did report that Oppenheim offered insight to him and other immigration lawyers about the April VB before it was published. see this message dated 02/14/08 directly from his forum:
Link is here: http://immigration-information.com/forums/showthread.php?t=4285
"Last night, at a meeting of the American Immigration Lawyer's Assocation Southern California chapter, Charles Oppenheim spoke. Mr. Oppenheim is the officer within the Visa Office tasked with calculating visa bulletin cutoff dates each month. He offered the following thoughts as to cutoff date movement in the upcoming months:
In April, India and China EB2 will be set at 12/01/2003
EB3 for India and China will slow down for the rest of the fiscal year"
Last month Ron G predicted the April visa bulletin and he did have a very good logical reason for it, he did go into details about it on his forum. He was NOT told by Oppenheimer what the bulletin was going to look like.
Ron only wrote to Oppenheimer to clarify the April Bulletin�s wording after it came out about visa number flow from EB1 to EB2 Retrogressed countries.
I have to say Ron is pretty impressive, I learned a ton by visiting his forum, he knows a lot about the inner workings of USCIS.
For example I was under the impression that USCIS followed strict procedures when it came to PDs and that processing dates schedules were correct all the time. Now I have a totally different opinion.
I think you are wrong. you might read his forum but I think you missed this. he did report that Oppenheim offered insight to him and other immigration lawyers about the April VB before it was published. see this message dated 02/14/08 directly from his forum:
Link is here: http://immigration-information.com/forums/showthread.php?t=4285
"Last night, at a meeting of the American Immigration Lawyer's Assocation Southern California chapter, Charles Oppenheim spoke. Mr. Oppenheim is the officer within the Visa Office tasked with calculating visa bulletin cutoff dates each month. He offered the following thoughts as to cutoff date movement in the upcoming months:
In April, India and China EB2 will be set at 12/01/2003
EB3 for India and China will slow down for the rest of the fiscal year"
Last month Ron G predicted the April visa bulletin and he did have a very good logical reason for it, he did go into details about it on his forum. He was NOT told by Oppenheimer what the bulletin was going to look like.
Ron only wrote to Oppenheimer to clarify the April Bulletin�s wording after it came out about visa number flow from EB1 to EB2 Retrogressed countries.
I have to say Ron is pretty impressive, I learned a ton by visiting his forum, he knows a lot about the inner workings of USCIS.
For example I was under the impression that USCIS followed strict procedures when it came to PDs and that processing dates schedules were correct all the time. Now I have a totally different opinion.
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mrajatish
10-05 04:17 PM
I do not understand how dates for India will get worse by processing July/August apps - mostly applicants with Pri dates after June 2003 (EB3) or Apr 2004 (EB2) applied in July/August.
I would say dates would get worse once they process June folks.
I would say dates would get worse once they process June folks.
more...
justAnotherFile
08-04 02:38 PM
IVians,
Received email this morning that my Green Card was approved - Self and Spouse.
Case Center : TSC.
Thanks everybody and IV and wish everyone good luck on their approval !!
What was your I-485 ND (notice date)? just trying to to discern any patters. You are the first July 2 filer at TSC that has been approved from what i have seen so far.
Received email this morning that my Green Card was approved - Self and Spouse.
Case Center : TSC.
Thanks everybody and IV and wish everyone good luck on their approval !!
What was your I-485 ND (notice date)? just trying to to discern any patters. You are the first July 2 filer at TSC that has been approved from what i have seen so far.
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gsc999
06-06 07:40 PM
Any updates?
Check out this url
However, Reid accused the GOP of standing in the way of immigration reform, noting that on Monday, Republicans blocked "the Senate's own bipartisan comprehensive reform plan from moving forward in Congress."
"After years of Bush Republican incompetence, our borders are unsecured, and our immigration system is broken. The Senate took a major step toward fixing our immigration system. Now, the president must convince his party to enact the comprehensive immigration reform our nation deserves," Reid said in a statement.
http://www.cnsnews.com/news/viewstory.asp?Page=%5CNation%5Carchive%5C200606%5C NAT20060606b.html
Check out this url
However, Reid accused the GOP of standing in the way of immigration reform, noting that on Monday, Republicans blocked "the Senate's own bipartisan comprehensive reform plan from moving forward in Congress."
"After years of Bush Republican incompetence, our borders are unsecured, and our immigration system is broken. The Senate took a major step toward fixing our immigration system. Now, the president must convince his party to enact the comprehensive immigration reform our nation deserves," Reid said in a statement.
http://www.cnsnews.com/news/viewstory.asp?Page=%5CNation%5Carchive%5C200606%5C NAT20060606b.html
more...
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amitjoey
01-18 02:31 PM
Guys, this is the time to show the core group that we are a bunch of people thankful that there is IV to help us fight this fight.
We need to stand united and raise awareness and sign up for the monthly recurring contribution.
I understand that some of you do intend to contribute and have contributed generously in the past,
But here are some mindsets, All of us fall in these 4 mindsets.
1) you probably think "why should I sign up for a monthly recurring contribution program". I am a generous contributor and I contribute almost monthly anyways.
2) I have contributed enough.
3) I will contribute if I feel like, when I see something comming out of this effort.
4) I do not have to contribute.
If you are in category 1).I can tell you, I understand because I have been a generous contributer in the past. But guys, the reason I signed up for a monthly recurring contribution is that it helps IV know that 'X' amount of funds are guaranted every month, this way they can better plan.
Category 2) Contributed enough - Okay why dont just sign up for a minimum amount of $20/month once more. What is enough is not enough.
Category 3) This has been discussed, I do not want to talk about this category of members.
Category 4) Again - No Comments-
Lets show the core team that all of us fall in the first 2 categories.
The last thing we want the core to do is bite their fingers over funds. We do not want the core to get stressed out over funds. They have enough real work to do already.
Inspite of being a serious team player, and a generous contributor it took me two days to sign up for the recurring monthly contribution program, so I give all of the ones that have not set up a monthly recurring contribution benefit of doubt. But this is our last chance, I urge you to be one of the 1000 people we need for this effort.
Need 897 members
good job guys we now need 888 members. So 9 more members stepped up in the last 2 hours. We can do better. Can 100 more members step up in the next 2 hours?
We need to stand united and raise awareness and sign up for the monthly recurring contribution.
I understand that some of you do intend to contribute and have contributed generously in the past,
But here are some mindsets, All of us fall in these 4 mindsets.
1) you probably think "why should I sign up for a monthly recurring contribution program". I am a generous contributor and I contribute almost monthly anyways.
2) I have contributed enough.
3) I will contribute if I feel like, when I see something comming out of this effort.
4) I do not have to contribute.
If you are in category 1).I can tell you, I understand because I have been a generous contributer in the past. But guys, the reason I signed up for a monthly recurring contribution is that it helps IV know that 'X' amount of funds are guaranted every month, this way they can better plan.
Category 2) Contributed enough - Okay why dont just sign up for a minimum amount of $20/month once more. What is enough is not enough.
Category 3) This has been discussed, I do not want to talk about this category of members.
Category 4) Again - No Comments-
Lets show the core team that all of us fall in the first 2 categories.
The last thing we want the core to do is bite their fingers over funds. We do not want the core to get stressed out over funds. They have enough real work to do already.
Inspite of being a serious team player, and a generous contributor it took me two days to sign up for the recurring monthly contribution program, so I give all of the ones that have not set up a monthly recurring contribution benefit of doubt. But this is our last chance, I urge you to be one of the 1000 people we need for this effort.
Need 897 members
good job guys we now need 888 members. So 9 more members stepped up in the last 2 hours. We can do better. Can 100 more members step up in the next 2 hours?
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pappu
04-09 05:31 PM
http://travel.state.gov/visa/frvi/bulletin/bulletin_4454.html
All
Charge-ability
Areas
Except
Those
Listed
CHINA-
mainland born INDIA MEXICO PHILIP-PINES
Employ-ment
-Based
1st C C C C C
2nd C 15FEB05 15FEB04 C C
3rd U U U U U
Other
Workers U U U U U
4th C C C C C
Certain Religious Workers C C C C C
5th C C C C C
Targeted Employ-ment Areas/
Regional Centers C C C C C
5th Pilot Progams C C C C C
This confirms what IV had found from the State department and posted on the donor forum a month ago
http://immigrationvoice.org/forum/showthread.php?t=24291&page=3
All
Charge-ability
Areas
Except
Those
Listed
CHINA-
mainland born INDIA MEXICO PHILIP-PINES
Employ-ment
-Based
1st C C C C C
2nd C 15FEB05 15FEB04 C C
3rd U U U U U
Other
Workers U U U U U
4th C C C C C
Certain Religious Workers C C C C C
5th C C C C C
Targeted Employ-ment Areas/
Regional Centers C C C C C
5th Pilot Progams C C C C C
This confirms what IV had found from the State department and posted on the donor forum a month ago
http://immigrationvoice.org/forum/showthread.php?t=24291&page=3
more...
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abhijitp
07-25 08:10 PM
On my wife's labor certificate, it is said her position requires a minimum of master degree. But the alternate is bachelor degree plus 2 years' experience. The lawyer has filed I-140 under EB2.
We are worried that this position does not qualify EB2 because we read on the internet that EB2 requires master degree or bachelor plus at least 5 years' progressive experience. We called the lawyer and said we heard from a friend such a case had been denied. She was very busy and just said there was no problem to apply for Eb2, and if we doubt it, we can hire our friend as a lawyer. We are so pissed off.
Can someone help me clarify if this position is qualified for EB2? do we need to change it to Eb3?
Thanks.
It is Bachelor's (that too, 4 years, if I am not wrong) degree + 5 years post-baccalaureate experience
Not sure if you can change the already submitted I-140 to EB-3 or need to apply a new one. Experts, please help!
We are worried that this position does not qualify EB2 because we read on the internet that EB2 requires master degree or bachelor plus at least 5 years' progressive experience. We called the lawyer and said we heard from a friend such a case had been denied. She was very busy and just said there was no problem to apply for Eb2, and if we doubt it, we can hire our friend as a lawyer. We are so pissed off.
Can someone help me clarify if this position is qualified for EB2? do we need to change it to Eb3?
Thanks.
It is Bachelor's (that too, 4 years, if I am not wrong) degree + 5 years post-baccalaureate experience
Not sure if you can change the already submitted I-140 to EB-3 or need to apply a new one. Experts, please help!
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hellomms
05-01 02:54 PM
Add poll and let us see how many are ready to support for any fix. We can not count manually.
Poll Added, lets track everything here.
Thank you everyone, in advance, for your support. :)
PS
@Pappu: Thanks for the support!
Poll Added, lets track everything here.
Thank you everyone, in advance, for your support. :)
PS
@Pappu: Thanks for the support!
more...
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frostrated
08-05 03:24 PM
I am in the same boat. I wish you are true. Its so frustrating to see 2006 folks getting approved (I am happy for them that at least they are getting approved but it is unfair that we are still waiting) and we are still waiting. Ridiculous....
Dhesha
Did you apply for your 485? Your profile does not show that it has.
The date on which your 485 is filed is the order on which the applications are processed.
your PD is only used to say whether an application is eligible for processing. Once it is eligible, it is the 485 application date that states your position in the queue.
Dhesha
Did you apply for your 485? Your profile does not show that it has.
The date on which your 485 is filed is the order on which the applications are processed.
your PD is only used to say whether an application is eligible for processing. Once it is eligible, it is the 485 application date that states your position in the queue.
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indian111
06-01 10:21 PM
EAd efiles to TSC on 4/26
CPO on 5/14
Card received on 06/01 for 2 yrs with the expiry date starting from the end of the current card.
Thanks,
indian111
CPO on 5/14
Card received on 06/01 for 2 yrs with the expiry date starting from the end of the current card.
Thanks,
indian111
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AllVNeedGcPc
05-12 10:57 PM
...Lawyer mailed it in first week of April.
amitjoey
08-03 05:43 PM
here is a thread from our archives
I-485 Approval and Wife Still on H-4 [Archive] - Immigration Voice (http://immigrationvoice.org/forum/archive/index.php/t-10649.html)
So, enjoy ur new freedom and best of luck.
I-485 Approval and Wife Still on H-4 [Archive] - Immigration Voice (http://immigrationvoice.org/forum/archive/index.php/t-10649.html)
So, enjoy ur new freedom and best of luck.
nixstor
06-26 06:30 PM
GCby3k,
This has been discussed in 2 or 3 threads and the other member might have followed it and got tired of it. Any ways, I have heard what you said from different people and if dates can become current, they can be retrogressed during the middle of the month. Imagine 40K applications in 10 days. If USCIS accepts 100K applications ( It can be if you count dependents ), it makes them look bad with the number of pending applications. They can very well say Enough, when they hit a predetermined threshold as conveyed by DOS.
All that we can do is try to file as soon as we can.
This has been discussed in 2 or 3 threads and the other member might have followed it and got tired of it. Any ways, I have heard what you said from different people and if dates can become current, they can be retrogressed during the middle of the month. Imagine 40K applications in 10 days. If USCIS accepts 100K applications ( It can be if you count dependents ), it makes them look bad with the number of pending applications. They can very well say Enough, when they hit a predetermined threshold as conveyed by DOS.
All that we can do is try to file as soon as we can.
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