The LA Times reports Six people are dead in attack on U.S. consulate in Istanbul. “Gunmen today attacked the U.S. consulate here, sparking a gun battle that left three Turkish police officers and the three assailants dead… It was the most serious attack in several years on a foreign diplomatic mission in Turkey.”
According to the Washington Post, the American ambassador to Turkey, Ross Wilson, call the attack “‘an obvious act of terrorism’ … ‘This was an attack on the American diplomatic establishment here,’ Wilson said in an appearance before reporters in Ankara, the Turkish capital. ‘… Our countries will stand together and confront this, as we have in the past.'” Abdullah Gul, the president of Turkey, also describe it as a terrorist attack.”
“Neither U.S. or Turkish officials would speculate on who was responsible for the attack… Turkish Interior Minister Besir Atalay told reporters late this afternoon there still was no claim of responsibility. He said all of the attackers were Turkish nationals.”
The NY Times reports the Federal Reserve sees economic turmoil persisting deep into next year. “Ben S. Bernanke, the chairman of the Federal Reserve, publicly indicated on Tuesday that he believes the problems will persist into next year when he outlined a series of steps the Fed is considering in the coming months… Bernanke also recommended that Congress grant the Fed broader authority to monitor and supervise the financial markets to assure greater stability in the future.”
The economy will continue to do badly for all the known reasons: cratering housing market, skyrocketing oil prices, and titanic federal debt brought about by the worst president ever and his wars.
The Washington Post reports that “Some outside experts argue that changes such as the ones Bernanke advocated yesterday could create more problems than they solve.” No doubt. The Fed wants more authority to clean up the mess they made and fed. This economic misery was done on purpose to shock the system in order to increase liquidity for easier looting. Do not trust Bernanke or Bush Treasury Secretary Henry Paulson. The bailouts are and will continue to be for the wealthy.
Four at Four continues with the unmitigated missile threat to airplanes and Guantanamo appeals.