UPDATE - Bank of America Under Siege By Mortgage Putback Claims, Pimco's El-Erian Says World In 'Frightening Slowdown', Facebook Stock Now A Teenager (LINKS)

Photo by William Banzai...

• The Real Defense Budget Is Twice What Washington Tells You - The Atlantic
• Pimco’s El-Erian Says World in 'Frightening Slowdown'
• UPDATE - Bank of America Under Siege By Mortgage Putback Claims
• More Cuts For Debt-Ridden Spanish Regions - Bloomberg
• Facebook: The Stock That Keeps on Dropping
• S.E.C. Urges Reforms of Municipal Bond Market - NYT
• Paul Farrell: The Real Crash is dead ahead as 2008 is forgotten
• PHOTO - Bird Strike Leaves Massive Hole in UNITED Jet
• Man texts, "I need to quit texting," before driving off cliff
• VIDEO - Olympic Badminton pairs disqualified for throwing matches

Comments

[LiberatedCitizen]

Bank Of America Has Lost Money Trading On Only Three Days In 2012

http://www.zerohedge.com/news/bank-america-has-lost-money-trading-only-three-days-2012

'Real' Unemployment Rate Shows Far More Jobless

http://www.cnbc.com/id/48468748

[DailyBail]

Great links, LC.

[DailyBail]

$30 Million In Unreported GSA Bonuses Uncovered By WUSA9 Investigation, Rep John Mica Plans Congressional Investigation

http://www.wusa9.com/news/article/214978/158/WUSA9-Investigation-Finds-30M-GSA-Bonuses-Not-Reported

[DailyBail]

Bundesbank’s Weidmann Says ECB Shouldn’t Overstep Mandate

http://sfgate.bloomberg.com/SFChronicle/Story?docId=1376-M82IS16TTDSA01-0CCGL0PPE5V0AJD8IBS0T1V6A4

[DailyBail]

Pick Your Muni Funds Carefully

http://www.rickferri.com/blog/investments/pick-your-muni-funds-carefully/

[DailyBail]

A man who plunged 100ft to his death at the Tate Modern art gallery in London was a senior bank manager with HSBC.

http://www.telegraph.co.uk/news/uknews/law-and-order/9437969/Tate-Modern-death-fall-man-was-senior-HSBC-banker.html