Feds Consider H-1B Changes After Uncovering Fraud
CWmike writes "A Citizenship and Immigration Services spokesman said today that the agency is weighing a series of reforms to the H-1B application process, including the use of 'independent open-source data' to obtain information about visa seekers or the companies that file the petitions on their behalf. The move follows a report by the agency that found widespread problems and evidence of fraud in the nation's H-1B program, including forged documents, fake degrees and shell companies being used in H-1B applications. It also comes after the controversy caused by changes to the H-1B rules earlier this year."
There's nothing wrong with somebody wanting an extra room or two to start a family, a home business or private study.
The fault is entirely with the expectation that house prices will continuously rise, or that they should be traded like company shares. Banks were more than willing to provide "jumbo loans" going above a quarter of a million units of currency in the belief that they would get a return on the investment (money deposited after the sale of the property). Any newspaper will have stories about how prices of desirable properties have risen (6K in the 1960's, 90K in the 1980's, 250K in the 2000's). After so many boom years, people came to expect this growth to be normal, and then found themselves in
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