State capitalism & central banks going down
This isn't mortgage-backed junk that's being sold, but highly liquid bonds that are usually easy to cash in. The ECBC's action is a sign of pure desperation and indicates that credit paralysis has infected the entire euro banking system.See the numerous state sponsored solutions
...
That's bad. The mechanism for converting covered bonds into cash has broken down.
listed, all to become giant failures.
Read.
<< Home