President Barack Obama has asked Russian President Vladimir Putin to help de-escalate the fighting in both Syria and Ukraine. The White House have confirmed that due to the increase in shelling along the front line in eastern Ukraine, along with the Syrian cease-fire nearing complete collapse – the U.S. president made an urgent call to Putin in order to find a solution to the problems.
Obama told CBS News today that we can't allow bipartisan legislation subjecting the Saudis to potential liability for terrorism ... or else other countries could retaliate against the US (starting at 0:40):
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Back on April 9 we described the latest example of how criminal Wall Street behavior leads to zero prison time and just more slaps on the wrist, when Warren Buffett's favorite bank, Wells Fargo, admitted to "deceiving" the U.S. government into insuring thousands of risky mortgages. According to the settlement, Wells Fargo "admits, acknowledges, and accepts responsibility" for having from 2001 to 2008 falsely certified that many of its home loans qualified for Federal Housing Administration insurance.
Following a dramatic deterioration in official diplomatic channels between the US and Saudi Arabia when over the weekend the Saudis threatened the U.S. with dumping billions in Treasuries if Congress were to pass a bill probing into their alleged support of Sept 11 terrorists in the aftermath of last weekend's 60 Minutes report on the classified "28 pages" from the Septemeber 11 commission, moments ago the Obama administration made a stunning admission, when for the first time it revealed on the record that the Saudis were the original source of funding for Al Qaeda.
Three weeks ago, a recent report by Pew revealed something stunning: one third - the poorest - of US households can no longer afford even the most basic necessities: food, rent and transportation.