“Bail-in” means that the bank’s owners - the shareholders, and creditors - the bondholders and now even depositors, will be line to absorb losses banks will incur, before outside sources of finance may be called upon. Deposit confiscation cometh ...
First it was the Russians who repeated they are "deeply concerned by the deaths in the Ukraine," and now it is the turn of the White House, through its speaker, Jay Carney, to chime in as well:
- RUSSIA DIRECTLY, INDIRECTLY SUPPORTING PROVOCATIONS: CARNEY
- UKRAINE HAS TO RESPOND TO PROVOCATIONS IN UKRAINE, CARNEY SAYS
- UKRAINE IN VERY `DANGEROUS' SITUATION, CARNEY SAYS
And yet, despite all the priase, Ukraine is on its own.
- U.S. NOT CONSIDERING LETHAL ASSISTANCE TO UKRAINE, CARNEY SAYS
In other words, as we said last week, if it is Ukraine's gambit, that its allies will come to its rescue upon a lethal escalation and provocation, "it will be sorely disappointed." It seems Ukraine is about to figure this our first hand.
Sixth Phone Conversation: Obama Warns Putin "Costs" Will Increase; Kremlin Tells Obama To "Prevent Bloodshed"Submitted by Tyler Durden on 04/14/2014 20:01 -0400
A few hours ago, Obama and Putin held their sixth phone conversation since the fate of Ukraine rekindled the second cold war. As usual, much was said, the generic talking points were uttered, and nothing was resolved nor will anything change.
While the CIA-staged government coups in Libya and Egypt at least managed to last nearly a year before the inevitable "Thermidorian reaction" resulted in a blowback response that saw the overthrow of the interim US-handpicked rulers, Ukraine may not last nearly that long. According to reports by both Russian Interfax and Ukraine's Unian press services, for the first time since the coup that overthrew Ukraine's president Yanukovich in late February, hours ago a group of protesters assembled in front of the parliament building and on Independence Square in central Kiev, with demands for the resignation of both the interior minister Avakov as well as the acting president Turchinov.
Late last night we asked if, as the Russian media had reported and only the Russian media, CIA director John Brennan had secretly visited Kiev over the weekend: "Brennan landed in Ukraine on Saturday under an assumed name and held a "series of secret meetings" with the country's "power bloc" Interfax reported, citing an unidentified official in the Ukrainian parliament. The person who said this to Interfax in a phone talk added that John Brennan came to Ukraine not under his real name. According to some yet unconfirmed information, the decision to suppress protesters in Slavyansk, a city in Ukraine's east, with force was advised to Ukraine's authorities by Brennan." One can further admit the meeting was "secret" - if only in intent - not only because of Brennan's assumed fake name (why the secrecy? but because until Russian Interfax- of all places - had reported about what is certainly a key meeting in a nation in which disinformation and counterpropganda is rife - Brennan's meeting was completely unmentioned by the US press. Until today, when moments ago White House speaker Jay Carner confirmed that indeed the CIA director was in Kiev last weekend.
The level of governmental and corporate corruption, chronic unemployment, rising food and medical costs and the escalating taking of rights and freedoms are not unseen by the population at large, just desperately ignored.
Did the Department of Homeland Security Just Admit that the Government Knew about the Heartbleed Bug?Submitted by George Washington on 04/14/2014 12:23 -0400
Why Were Government Computers Immune to the Bug?
Read Seymour Hersh’s devastating account of Obama’s Red Lines and Rat Lines and weep for the Republic. It is no more.
"Reports that NSA or any other part of the government were aware of the so-called Heartbleed vulnerability before April 2014 are wrong. The Federal government was not aware of the recently identified vulnerability in OpenSSL until it was made public in a private sector cybersecurity report. The Federal government relies on OpenSSL to protect the privacy of users of government websites and other online services. This Administration takes seriously its responsibility to help maintain an open, interoperable, secure and reliable Internet. If the Federal government, including the intelligence community, had discovered this vulnerability prior to last week, it would have been disclosed to the community responsible for OpenSSL."
It seems tensions in Ukraine are not escalating fast enough for the US warmongers. As The Daily Mail reports, allegations have emerged that Syria's Assad regime has carried out four new chemical attacks in the suburbs of Damascus. We can only assume that there is clear "YouTube-able" proof of this as The White House said it was "monitoring reports." The attacks were carried out using industrial rather than weaponised agents to lessen the chances of military intervention from Western powers, it was reported. UK diplomats added that they're "aware of the allegations but not able to corroborate them at this time." The Syrian National Coalition said, "we condemn the Assad regime’s gas attacks," and called on the Organization for the Prohibition of Chemical Weapons to carry out an investigation.
Obamacare has been such a smashing success that the US Health Secretary Kathleen Sebelius just couldn't wait until days after its "successful" rol out to get the hell out of dodge. "Kathleen Sebelius, the health and human services secretary, is resigning, ending a stormy five-year tenure marred by the disastrous rollout of President Obama’s signature legislative achievement, the Affordable Care Act. Mr. Obama accepted Ms. Sebelius’s resignation this week, and on Friday morning he will nominate Sylvia Mathews Burwell, the director of the Office of Management and Budget, to replace her, officials said. The departure comes as the Obama administration tries to move beyond its early stumbles in carrying out the law, persuade a still-skeptical public of its lasting benefits, and help Democratic incumbents, who face blistering attack ads after supporting the legislation, survive the midterm elections this fall."
For the first time ever in the history of US-Russian relations we are seeing a public debate about a threat of economic sanctions that may have a long-range negative effect on global energy security. The Obama administration acts as if it is guided by a chapter out of an old Soviet textbook on political economy. At the moment, apparently, the sacred dogma of the free market, from Samuelson to Friedman, can be conveniently overlooked for the sake of punishing a sovereign nation. When the head of the most influential state in the world talks about manipulating market prices to punish recalcitrant players, what kind of “global free market” and fair play are we really talking about? After a series of headline-grabbing statements about the possibility of “switching” European consumers over to American gas, the US media hastened to announce the launch of Obama’s oil and gas offensive against Russia. In reality the EU is not currently prepared, neither technically nor in terms of price, to buy its energy resources from the US. It would take at least ten years to adapt even the technically advanced German energy system to work with American gas supply. In a crisis, when it is particularly urgent to see a quick return on an investment, such projects are unrealistic.
- Russia's Gazprom says Ukraine did not pay for gas on time (Reuters)
- Ukraine Moves to Keep Control in East (BBG)
- Banks Set to Report Lower Earnings as Debt Trading Slumps (BBG)
- More DeGeners and Obama selfies needed: Samsung's lower first-quarter estimate highlights smartphone challenges (Reuters)
- Citi Is Bracing to Miss a Profit Target (WSJ)
- Another slam from GM? Safety group calls for U.S. probe of Chevy Impala air bags (Reuters)
- Japan drugmaker Takeda to fight $6 billion damages imposed by U.S. jury (Reuters)
- EU court rules against requirement to keep data of telecom users (Reuters)
- White House may ban selfies with president after Ortiz-Obama photo promotes Samsung (Syracuse)
It took Virtu's idiot algos some time to process that the lack of BOJ stimulus is not bullish for more BOJ stimulus - something that has been priced in since October and which sent the USDJPY up from 97.000 to 105.000 in a few months, but it finally sank in when BOJ head Kuroda explicitly stated overnight that there is "no need to add stimulus now." That, and the disappointing news from China that the middle kingdom too has no plans for a major stimulus, as we reported last night, were the final straws that forced the USDJPY to lose the tractor-beamed 103.000 "fundamental level", tripping the countless sell stops just below it, and slid 50 pips lower as of this moment to overnight lows at the 102.500 level, in turn dragging US but mostly European equity futures with it, and the Dax was last seen tripping stops below 9400.
In response to claims by the Ukraine government (and the west) that Russia provoking trouble in Eastern Europe - with The White House's Jary Carney even suggesting that pro-Russia demonstrators were paid - Russia's foreign ministry has responded. Posting via their Facebook page, Russia urged Ukraine to halt any interior military preparations which could instigate a civil war. But the kicker, for which we anxiously await a rebuttal, is Russia's comment that they "are particularly concerned that the operation involves some 150 American mercenaries."