UPDATED THURSDAY - JUNE 17, 2010 (5770)
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          Turkey closes airspace to Israel  Air Force, Jerusalem declares IHH terrorists          
DEBKAfile       Exclusive Report      June 17, 2010, 11:32 AM (GMT+02:00)               
                   
   Tags:               Israel-Turkey  Turkish  boycott campaign
                   Turkish  boycott campaign  US
                   US  
                   
                    Turkish airspace  closed to Israeli Air Force
                  Turkey launched a  plan Wednesday night (June 16) to campaign on all fronts for a worldwide  boycott of Israel  and decided to introduce sanctions leading to the severance of  bilateral relations. Its pretext was the absence of a formal apology  from Jerusalem  for the naval commando raid on the Turkish ship Mavi Marmara ("Blue  Marmara"), which left 8 activists dead, and its rejection of an  international inquiry of the incident.
In Washington, early Thursday morning  (June 17), Democratic and Republican members of Congress announced at a  press conference that there would be price to pay if Ankara  continued its hate campaign against Israel  and tight ties with Tehran.
   Rep. Mike Pence, the third-highest ranking Republican, said: "There  will be a cost if Turkey  stays on its present heading of growing closer to Iran and more antagonistic to the state  of Israel." Democratic  Rep. Eliot Engel called Turkey's actions  "disgraceful."
   debkafile's  sources in Washington note that while the House and the Senate are  getting ready for an active response against Turkey for its  deteriorating relations with Israel, the Obama administration is  standing still, possibly tied down by friendship with the two  contestants in Jerusalem and Ankara. The president may also be  influenced by some of his closest aides, who are sympathetic to the  policies pursued by Turkish Prime Minister Recep Tayyip Erdogan and  support his aspirations in the Middle East  and in the Muslim world.
The most prominent member of the pro-Erdogan faction ion the White  House is the president's personal adviser on Muslim affairs, Dalia  Mogahed, who does not share the conviction that the Turkish aid society,  the IHH, is in fact a terrorist organization, as Israel  declared Thursday, June 17 - although more than one European terrorist  expert is of that opinion.
The way this declaration was aired by the Netanyahu government was  harshly criticized by Israel's  security and intelligence sources as too hesitant and uncertain to  attract notice, debkafile's  sources in Jerusalem  report. It was not sourced to any defense ministry official and only  appeared in a low spot on a local Channel 2 TV news bulletin.
   "If Israel  accuses an organization of terrorism, it should do so loud and clear,"  they said. "We must offer the kind of proof that reverberates strongly  around the world. Instead, the information was released almost by  stealth and therefore ignored by the international media."
In fact, debkafile's  intelligence and counter-terror sources stress the inconspicuous news  item was pretty sensational. By listing as terrorists the IHH (Insani  Yardim Vakfi), a key component of Erdogan's pro-Islamic AKK government's  support system, Israel  henceforth defines the group as a target for Israel's covert and military operations  and exposes its leaders to retaliation for continuing violence against Israel  and its interests.
IHH activists were responsible for the violence aboard the Turkish ship  leading the blockade-busting flotilla on May 31. Wednesday, IHH  headquarters in Istanbul scheduled the  launch of an even bigger flotilla for Gaza some time in July. Its new  designation empowers Israel's  covert agencies and navy to go for its members and ships - at sea and  in Turkish ports.
   Still hesitant, Israel  has started hitting back at Turkey by escalating its  military and intelligence responses to Erdogan's provocations.
   The day before, the level of confrontation was ramped up by several  notches in Ankara, when the Turkish  Defense Industry Implementation Committee – SSIK, in a meeting chaired  by Prime Minister Erdogan, decided to freeze 16 security and military  agreements signed with Israel.
   They include permission for Israel  warplanes to use Turkish airspace and apply to intelligence-sharing  arrangements and cooperation in combating terrorism and suspend the  longstanding, close military and intelligence cooperation between Turkey and Israel.
The two erstwhile allies are left glaring at each other as antagonists,  just one step short of declared enemies.
   Ankara nonetheless left a narrow opening  - whether to appease the military for its loss of a valued strategic  partner or to tempt Israeli leaders to continue to delude themselves  that Turkey  is not a write-off.
Thursday morning, in a briefing to Turkish journalists, sources close  to the Turkish prime minister and the SSK exhibited a very long list of  the Israeli and Turkish military projects they had cancelled, including  the purchase of advanced Israeli Arrow anti-missile missiles. However,  Turkish Defense Minister Vecdi Gonul commented: "Despite the fact that  the decision on the shelving of military agreements had been left to the  command of the Foreign Ministry, it would not be proper for the ruling  administration to decide on the actions of military companies in both  countries."
   By this remark, the Turkish defense minister left a small gap for the  Turkish government to review each contract separately and to decide  whether to implement or revoke it depending on the needs of the Turkish  army.
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FROM STEVE QUAYLE
Petroleum  Engineer -Gulf Oil Rig Intentionally Sabotaged: I CALLED THE ALEX JONES SHOW ON JUNE 10, 2010, TO  SHARE SOME TRUTHS ABOUT WHAT HAPPENED IN THE GULF OIL DISASTER. LINDSEY  WILLIAMS WAS ON THE SHOW SHARING INFORMATION THAT HE RECIEVED FROM HIS  ILLUMANTI FRIEND.  THIS WAS WHEN MY CALL WAS TAKEN.  AS I STATED, I WAS A  PETROLEUM ENGINEER AND WORKED FOR HALLIBURTON AND BJ HUGHES ( THE OIL  AND GAS SIDE OF HOWARD HUGHES COMPANIES).   AS SOON AS THE GULF INCIDENT  HAPPENED I TOLD MY WIFE AND FRIENDS THAT THIS WAS A SET-UP. GOLDMAN  SACHS more ...................................................................................
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FROM STEVE COOPER "CNIN"
             



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Major US mortgage  fraud arrests begin. On Tuesday 15th June 2010, US federal agents  arrested Lee Bentley Farkas, former chairman of Taylor Bean &  Whitaker Mortgage Corporation. He is charged in a sixteen-count  indictment in the Eastern District of Virginia. Farkas and his  co-conspirators carried out a massive fraud which resulted in losses of  more than $1.9 billion and contributed to the failure of TBW and  Colonial Bank, one of the fifty largest banks in the United States in  2009.In 2009, TBW was one of the  largest privately held mortgage lending companies in the US. The fraud  began in 2002 in an effort to conceal significant TBW operating losses.  It then evolved over the course of seven years as Farkas and his  co-conspirators sought to misappropriate hundreds of millions of dollars  from Colonial Bank and Ocala Funding, a mortgage lending facility which  was controlled by TBW and financed by large banks.
Farkas and his syndicate sold Colonial Bank more than $400 million  in fake mortgage assets. They also hid hundreds of millions of dollars  worth of mortgage loans that were losing value, or had no value, from  regulators, auditors, and others in fraudulent transactions designed to  give the false appearance that the loans were being sold into the  secondary mortgage market when, in fact, they were not. Farkas and his  TBW syndicate diverted $1.5 billion from Ocala Funding to cover TBW’s  mounting losses.
In late 2008, as TBW’s operating losses continued to grow, Farkas  and his co-conspirators, through Colonial BancGroup, attempted to secure  additional funding through the TARP program. That application included  materially false information, and no TARP funds were released. Farkas  and his syndicate went to great lengths to conceal their fraudulent  activity and create the appearance that TBW was operating as a  legitimate business. In reality, they were stealing massive amounts of  money just to keep TBW afloat.
AB comment:  What Taylor Bean & Whitaker did reflects, in miniature, exactly  what Bank of America, Citigroup, Goldman Sachs and the US Federal  Reserve Board did, and are still doing, on a much larger scale. The  first shoe has dropped. The second has yet to fall. Compared with Lloyd Blankfein, Ben Bernanke et al, Lee Bentley Farkas may turn out to be just a minor,  small town crook, hung out to dry as diversionary cover for the big  beasts higher up the food chain.  
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             By Michelle Malkin  •  June 15, 2010 11:25 PM     
             
 In his widely-panned,  bloodless Oval Office address  Tuesday night (did I call  this last month or what!?), President Obama tapped his Navy  Secretary Ray Mabus as the new oil spill recovery czar. Doesn’t he  have enough to do leading the Navy? More to the point, as my latest  column below points out, don’t we have enough czars and bureaucrats  tripping over each other for Gulf headlines and photo-ops already?
 Meanwhile, Mark Knoller reports that Obama is scheduled to finally  meet with BP execs tomorrow at 10:15am…for a whopping 20  minutes. Where is the ass-kicking czar?
 The speech was a dud, but never fear, Organzing  for America is here to exploit the crisis with spam solicitations  and a snazzy new green Obama hardhat graphic (soon to be the new oil  recover czar’s logo, too?)!
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Psalms Chapter 109 תְּהִלִּים
   | א  לַמְנַצֵּחַ, לְדָוִד מִזְמוֹר: אֱלֹהֵי תְהִלָּתִי,     אַל-תֶּחֱרַשׁ.
 | 1 For the Leader. A Psalm of David. {N} O God of my  praise, keep not silence;
 
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| ב  כִּי פִי רָשָׁע, וּפִי-מִרְמָה--עָלַי פָּתָחוּ;    דִּבְּרוּ  אִתִּי, לְשׁוֹן שָׁקֶר. | 2 For the mouth of the wicked and the mouth of deceit have they  opened against me; they have spoken unto me with a lying tongue. 
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| ג  וְדִבְרֵי שִׂנְאָה סְבָבוּנִי;    וַיִּלָּחֲמוּנִי חִנָּם. | 3 They compassed me about also with words of hatred, and fought  against me without a cause. 
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| ד  תַּחַת-אַהֲבָתִי יִשְׂטְנוּנִי;    וַאֲנִי תְפִלָּה. | 4 In return for my love they are my adversaries; but I am all  prayer. 
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| ה  וַיָּשִׂימוּ עָלַי רָעָה, תַּחַת טוֹבָה;    וְשִׂנְאָה, תַּחַת  אַהֲבָתִי. | 5 And they have laid upon me evil for good, and hatred for my  love: 
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| ו  הַפְקֵד עָלָיו רָשָׁע;    וְשָׂטָן, יַעֲמֹד עַל-יְמִינוֹ. | 6 'Set Thou a wicked man over him; and let an adversary stand at  his right hand. 
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| ז  בְּהִשָּׁפְטוֹ, יֵצֵא רָשָׁע;    וּתְפִלָּתוֹ, תִּהְיֶה  לַחֲטָאָה. | 7 When he is judged, let him go forth condemned; and let his  prayer be turned into sin. 
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| ח  יִהְיוּ-יָמָיו מְעַטִּים;    פְּקֻדָּתוֹ, יִקַּח אַחֵר. | 8 Let his days be few; let another take his charge. | 
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     The Daily News reports that a lightning  bolt struck the ship siphoning oil from the containment cap above  the gushing oil well in the Gulf this morning. Although no one was  injured, once the fire was extinguished the ship had to shut down  operations for  about five hours. 
      As hard as it may be to fathom, as the Daily News opined,  “Things actually can get worse in the Gulf of Mexico.” 
      This latest setback came just hours before President Obama was  scheduled to address the nation about the disaster. 
      You just can’t fight a curse. 
      For more information on why the oil spill really happened, read the  July 2010 Trumpet cover story by Joel Hilliker and Philip Nice,  titled “Yet Another  Curse.” • 
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...................................................................................             Iranian threats over Gaza keep USS  Truman carrier in Mediterranean          
DEBKAfile       Exclusive Report      June 16, 2010, 12:50 PM (GMT+02:00)               
                      Tags:               Iranian  Speaker Larijani  Israel-Turkey
                   Israel-Turkey  Turkish PM
                   Turkish PM  
                   
                    USS Truman on hand  for trouble
                  The USS Harry S. Truman carrier, complete with its strike group of 60  warplanes and 6,000 seamen, has been ordered to turn course from the  Persian Gulf and deploy with the US Sixth Fleet in the Mediterranean for  the time being, debkafile's  military and Washington sources report. The administration's decision  was prompted by incoming intelligence attesting to heightened marine and  military tensions between Israel,  Turkey and Iran, in the wake of the Turkish premier  Recep Erdogan's determination to give his screws on Israel  another turn - or two.
   He was solidly backed up from Tehran  Wednesday, June 16, by parliamentary speaker Ali Larijani, who  threatened military retaliation against Persian Gulf and Mediterranean  shipping for any interference with the vessels Iran was  sending to the Gaza Strip. He did not specify what kind they were.
   In Jerusalem, Foreign Minister Avigdor  Lieberman asserted that Israel would no longer  respect these vessels as promoted by aid agencies because they were  obviously dispatched by outright enemies with hostile intent thinly  disguised as humanitarian efforts.  
   Erdogan is planning more provocative sea convoys for Gaza and the  severance of diplomatic relations.
Ankara has set its face implacably  toward a full rupture and is determined to breach Israel's blockade of the Gaza Strip by  force, regardless of the relaxations on the siege restrictions ceded by Israel in consultation with Washington.
Israeli ministers met Wednesday, June 16, to approve these relaxations.  The broke for lunch without a decision. Some ministers maintained Israel's ambassador from Ankara should be  recalled forthwith without waiting for the Erdogan government to break  off ties.
Early Wednesday, debkafile's  military sources reported that the Iranian "aid" ships known to be  ready to set out for Gaza - or on their way - plan to put in at Turkish  ports first and sail to their destination in a joint flotilla with  Turkish vessels. Washington is  concerned by this development in view of the high risk of a clash with Israel - especially if the Lebanese  Hizballah terrorists decide to join the Iranian-Turkish convoy for Gaza.
Such a clash would involve a NATO member-state for the first time.
   The USS Truman's current movements are being kept under wraps. Shipping  sources told debkafile  that the Strike Group was sighted Monday and Tuesday south of Sicily, a convenient spot for a rapid response to  flare-ups in any Mediterranean or Middle East  arena.
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