1. ECB balance sheet hits €3.06 Trillion, highest in history. 2. SEC sue Philip Falcone: market manipulation, fraud. 3. Deutsche bank: recession by August end. 4. Turkish troops mobilise. 5. Italy bails out oldest bank. 6. Merkel: Nein for Euro bonds for as long as she lives. 7. Germany downgraded: AA- to A+. 8. September, the month of disaster. www.thefinancialreality.com