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Proof that Europe is Colluding with Big Banks

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Uploaded by on Dec 13, 2011

The EURO is in a death spiral and the ECB just made it easier for banks to make a killing with 0 risk! Amazing

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  • Great point! Its clearly a measure to recapitalize EU banks. Part of the 3y LTRO will go into carry trades like you indicate. Another part will be used as a well needed safety net for short term debt maturities. I would also point out that banks are not likely to purchase bonds with maturities > 3 years. The game is up with the maturity of the LTROs running out. Banks are massively undercapitalized across Europe, and its a measure to address this specific challenge. Does it work? Nobody knows.

  • What you are saying seems to make sense. However something seems to be missing. Not sure what it is.

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