by Greg Hunter
Once again, Syria is at the top of the News Wrap-Up. Russia is sending a large contingent of marines to Syria. They will park off the coast, ready to go ashore if needed. I told you this was not going to go down like Libya. Russia has a naval base in Syria and is a big ally of the Syrian government. Now, Iran is saying it will come to the help of the Syrian government and will not permit a regime change. This is a bloody civil war that has claimed the lives of nearly 20,000 Syrian citizens. There is no end in sight.
Treasury Secretary Tim Geithner was in the Congressional hot seat this week. Geithner was grilled with questions as to why he did not call a halt to the multi-trillion dollar Libor global rate rigging fraud. The big bankers are going to say Mr. Geithner, who was at the New York Fed when this started, basically gave his tacit approval for the fraud. I look for him to be sacrificed by the bankers over this mess.
Former CEO of Citi Group, Sandy Weill, says the big banks should be broken up. What? He was one of the architects of the big bank “supermarket” model. What do you want to bet the banks will shave off the productive assets for investment banks and leave taxpayers with the debt and toxic garbage to clean up? What a weasel!!!