Bear Stearns 2.0? UK’s Largest Property Fund Halts Redemptions, Fears “Vicious Circle” | Zero Hedge

KW: FYI In the summer of 2007, two inconsequential Bear Stearns property-related funds were gated and then liquidated, exposing the reality of the US housing bubble and catalyzing the collapse of the financial system. Fast forward eight years later when the UK’s Standard Life has been forced to stop retail investors selling out of one…

Italy Granted “Extraordinary ” €150BN Bank Bailout Program To Prevent “Panic, Run On Deposits” | Zero Hedge

KW: ….and everything was supposed to be rosy with the EU banks. Perhaps not The European Commission has authorized Italy to use government guarantees to create a precautionary liquidity support program for their banks, a spokeswoman for the European Union’s executive arm said, adding that the program was approved under the bloc’s Source: Italy Granted…

Sanders’ Delegates Get Steamrolled on Trans-Pacific Partnership by DNC Platform Committee

KW: Expect a lot more of this: During the campaign Clinton says she is against the TPPA because Sanders was getting such strong support for his anti-TPPA stance. Now she is the nominee her financial backers demand ‘payment’ so she has flipped her position already. This will be only the first of the turncoats. Clinton…

“Deutsche Bank Poses The Greatest Risk To The Global Financial System”: IMF | Zero Hedge

KW:Nothing has changed, the derivatives exposure simply massive and a bullet dodged as financial manipulators have ramped markets back to pre-Brexit levels and banks themselves have unleashed a share buy back frenzy to lift their stock prices higher. Still, Deutsche Bank and Santander failed the latest FED stress test with Morgan Stanley requiring some ‘jiggery…

“Brexit Sends A Clear Message To Sick Political Elite” Marc Faber Sees “Only Good Contagion” | Zero Hedge

KW: Marc Faber makes an interesting comparison from history that may well be the background sentiment of today. Going by the reaction of European parliamentarians that in places goes beyond ‘pathetic’ in the cold light of day should everyone involved be asking the basic question of what does the EU offer? A revolt against the…

Ice-Exit! Brexit 2 Strikes England: Internet reacts to England’s shock defeat in Euro 2016 in typically taunting fashion — RT Sport

KW: A bit of humour! In what is arguably the biggest upset of the 2016 European Championship, Iceland knocked out England with a stunning 2-1 result to carry on to a quarter-final match against France. Source: Ice-Exit! Internet reacts to England’s shock defeat in Euro 2016 in typically taunting fashion — RT Sport