Guantanamo Bay Detainees: The Obama administration is considering a plan to address the question of what to do with Guantanamo Bay detainees that includes transferring them to a facility in the United States that would contain courtrooms to hold federal criminal trials and military commissions to prosecute terrorism suspects, The Washington Post reports. The maximum-security facility would be jointly run by the departments of Defense, Justice and Homeland Security, with each assuming responsibility for different sets of inmates.
Defense Strategy, Jersey-Style: Following the FBI's arrest of 44 officeholders, political operatives, and rabbis two weeks ago in a massive corruption sting, some of those facing charges have already started to plan their defense. The New Jersey Law Journal reports that Michael Critchley, Joseph Hayden, and Brian Neary are among the high-profile attorneys who have been called in for the defense. Their strategies may include suggesting that cash payments the government is calling bribes were accepted or solicited legitimately as campaign contributions for which no real promises of favoritism were given.
Fed Spending Spree: Wall Street banks are bringing in massive profits thanks to the Fed's purchase of large amounts of securities to help stabilize the markets. But some are questioning whether the central bank is driving hard enough bargains in its dealings with private sector counterparties, The Financial Times reports.
Nuclear Power In Waiting: The Times of London reports that Iran is set to create a nuclear weapon and is merely awaiting the word from its Supreme Leader, Ayatollah Ali Khamenei, to produce its first bomb. Citing unnamed "Western intelligence sources," The Times says Iran completed a research program to create weaponized uranium in the summer of 2003 and that it could feasibly make a bomb within a year of an order from its Supreme Leader.