Just coming in
Tweeted from Turkey Newspaper Journalist:
Turkey scrambles F-16 fighter jets after Syrian warplanes bombs Ras al-Ain on the Turkish border.
Tensions running high on the border.
Comes on heals of report that Syria is moving chemical weapons for possible attack.
Stay tuned for updates.
Rozalina Chomsky ‏@rozalinachomsky
an #assad warplane has bombed the town of ras al-ain in al-hasakah. +9 people were killed
Tweets coming in from MSM sources
Turkey sources are worried Syria may resort [...]
Basically he said that.
GENEVA (AP) — Syria envoy Kofi Annan has warned that if nations trying to end the country’s violence fail to act they face an international crisis of “grave severity.”
He says history “will judge us all harshly if we prove incapable of taking the right path today.”
The talks hosted by the United Nations at its European headquarters in Geneva on Saturday are seen as a last-ditch attempt to [...]
The only good news spin this morning was that the Greek, pardon Spanish contagion, has not reached Italy, after the boot-shaped country sold €5.25 in bonds this morning at rates that did not indicate a meltdown just yet. It sold its three-year benchmark at an average 3.91 percent yield, the highest since January but below market levels of around 4 percent at the time of the auction. It also sold [...]
January 18, 2012
A group of hedge funds is threatening to block a last-ditch attempt to save Greece from defaulting on its huge debt pile, unless they are guaranteed a significant payout.
There will be a final attempt today – when a group representing Greece’s private sector bondholders meets senior ministers in Athens – to negotiate a writedown of the value of the country’s debt ahead of a crucial bond [...]
Speaking on NBC television’s “Meet the Press,” Daley said: “We are looking at the options. The issue of the reserves is one we are considering. … All matters have to be on the table.” There has been support among Senate Democrats for tapping the reserves. Senator Jay Rockefeller on Thursday became the third Democrat to ask President Barack Obama to tap America’s emergency oil [...]
Since we are certain that Bill Gross is lobbying about as hard as one can to get this bill passed due to his massive latent muni exposure, this last ditch attempt to subsidize the muni market just could pass. If it doesn’t, that could be the bottom of the muni market.
More from Bond Buyer:
The program, which was authorized by the American Recovery and Reinvestment [...]
UK FTSE just 15% off all time high at the height of dot com mania when the economy was booming, house prices were multiplying as banksters lent willy nilly to anybody, subprime had just begun, computers, mass produced more affordable portable media and communications, large screen TV’s had all yet to come. In Santa rally of 1999 to early 2000, there were lower taxes and the lowest unemployment in [...]
The third major bank joins JPM and Ally, which have already halted foreclosures, in admitting that one of its officials “signed up to 8000 foreclosure documents a month and typically didn’t read them.” Which means Bank of America is about to halt its foreclosure process. Which leaves us with the last big mortgage lender: Wells Fargo, which is quietly doing the opposite. As American [...]