❖ Deutsche Bank scrutiny is heating up with experts claiming improper accounting of “billions of dollars of credit derivatives trades”. US regulators say there were $4 to $12 billion in unaccounted paper losses.

❖ Saudi Arabia has announced a $102.9 billion surplus for 2012.

❖ Eliot Spitzer is predicting the Dept of Justice has finally “awakened” and recognizes charging Wall Street fees for breaking the law isn’t enough. “[T]here are going to [be] a lot more criminal cases brought against institutions.” Been an awfully long and deep slumber. (Video)