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On the night of the Benghazi terror attack, special operations put out
multiple calls for all available military and other assets to be moved
into position to help -- but the State Department and White House
never gave the military permission to cross into Libya, sources told Fox
News.The disconnect was one example of what sources described as a communication
breakdown that left those on the ground without outside help."When you are
on the ground, you depend on each other -- we're gonna get
through this situation. But when you look up and then nothing outside
of the stratosphere is coming to help you or rescue you, that's
a bad feeling," one source said.Multiple sources spoke to Fox News about
what they described as a lack of action in Benghazi on Sept.
11 last year, when four Americans, including Ambassador Chris Stevens, were
killed."They had no plan. They had no contingency plan for if this
happens, and that's the problem this is going to face in the
future," one source said. "They're dealing with more hostile regions, hostile
countries. This attack's going to happen again."Under normal circumstances,
authorities in Benghazi would have fallen under the chief of mission, one
source said -- the person in charge of security in the country
who in this case was Stevens. But once Stevens was cornered and
members of his security detail pushed his distress button, that authority
would have been transferred to his deputy. However, that deputy
rowing costs as long as they first ask
for help from the eurozone's bailout fund.The purchases would lower borrowing
costs because they would drive up bond prices up and interest yields
down, since prices and yields move in opposite directions. Governments could
then take advantage of those lower yields when they sell bonds to
pay off old bonds that are coming due.The ECB has actually bought
no bonds under the offer. The mere fact that the offer exists,
however, affected the bond market and lowered borrowing costs for countries
such as Spain and Italy.CHEAP LOANS TO BANKS: The ECB made an
unlimited amount of cheap, three-year loans available to banks on two occasions.
In December 2011, 523 banks borrowed 489 billion euros ($608.17 billion)
and 800 banks borrowed 530 billion in a second operation in February
2012.The long duration of the loans gave banks security that they would
have the money they needed through 2015. It eliminated market fears
that one or more banks might collapse and thus made it easier
for banks to borrow money and function in support of the wider
economy.Some of the money is now being repaid by banks under a
provision that lets them give the money back after a year.EMERGENCY ASSISTANCE:
The ECB is allowing national central banks in troubled countries to make
emergency loans to banks that are not eligible to borrow from the
ECB's programs. That is because those banks don't have enough safe collateral
such as hig
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