Reposted from ML-Implode.com with publisher’s permission. Via Bloomberg (snarky remarks from us at bottom) — The European Central Bank‘s balance sheet soared to a record 2.73 trillion euros ($3.55 trillion) after it lent financial institutions more money last week to keep credit flowing to the economy during the debt crisis. Lending to euro-area banks jumped 214…
This from the man who’s most famous quote is “When it becomes serious, you have to lie” LOL
Mr Juncker, who chairs meetings of finance ministers from the euro zone, said in a radio interview: “I don’t want the United Kingdom setting aside entire pag…
This was at the request of a reader. At several points in my life, I have started, and then never finished, various books. This one contains some accounts of my somewhat unusual childhood life experiences. At some point…
Wow, one gander at the jobs chart below, courtesy of Calculated Risk Blog, and it’s little wonder that the Thugs in Charge and the Fed Pigmen Politburo are in a panic.
Needless to say, this recession (none DARE use the term “depression” anymore!!!), i…
Bernanke has told his right hand man not to bother him if it’s under a trillion LOL
All stock shorters of Bank of America take heed. For, according to the WSJ blog, here:
Warren Buffett is piling into BAC stock. LOL, and it was just two da…
Heh, as reported here:
…Greek 2-year Treasuries are yielding a whopping, eye-popping:
…tempting even …
Dick Bove, renowned banking analyst, is back again, touting the “strength” of Bank of America’s balance sheet, as reported here:
I never thought I’d live to see the day that, after racking up:
FIFTEEN TRILLION DOLLARS OF DEBT
…people would be piling into 4-week T-bills and accepting ZERO interest.
But here we are.
Look for yourself:
Man, if there is one “canary in the coal mine” to watch, it’s “Bonnie Mae”. (Note: If have dubbed Bank(rupt) of America “Bonnie Mae” because I’m convinced that Uncle Thug is gonna have to take her over and turn her into a “banking GSE”, similar to the …