The EFSF denies a published report that it purchased its own bonds at last week's auction in...

The EFSF denies a published report that it purchased its own bonds at last week's auction in order to meet the goal of €3B in sales. A quick check shows just before the auction closed, the EFSF had 2.5B in bids, but sold the entire €3B allotment by the time the books shut.
Comments (10)
  • EMS
    , contributor
    Comments (586) | Send Message
    Rather than assume they are truthful, I would assume they are liars.
    13 Nov 2011, 08:17 PM Reply Like
  • JohnLocke
    , contributor
    Comments (383) | Send Message
    Good luck getting to the magic 1Trillion at this pace...LOL
    13 Nov 2011, 08:26 PM Reply Like
  • Native Texan
    , contributor
    Comments (276) | Send Message
    [Loud Cough] Bullshit!


    Regrardless and as noted by Mr. Natural Law himself, above, at this pace there's no way that they're going to pump this up to $1Trillion.
    13 Nov 2011, 08:30 PM Reply Like
  • fxmaven
    , contributor
    Comments (1469) | Send Message
    the GDP data at 00:40 EST Tuesday for DE, I , F, will reveal the real prospects for EZ - recession inevitable at this point. US is strongly linked to EZ through MNC A/R
    13 Nov 2011, 08:40 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1608) | Send Message
    I agree, Eurozone recession just started this quarter. But I think the numbers coming this week would be positive. 4Q numbers are the turning point.
    13 Nov 2011, 09:08 PM Reply Like
  • fxmaven
    , contributor
    Comments (1469) | Send Message
    German, French GDP was already flatlining last quarter. US retail sales also a wildcard, last increase based on reduced savings rate unlikely to repeat itself.
    13 Nov 2011, 10:05 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
    What else is the EFSF going to say?
    14 Nov 2011, 09:57 AM Reply Like
  • Losing Paper While Gaining ...
    , contributor
    Comments (490) | Send Message
    Lets just say they do bail out the bailout fund. Who's left to fund the bailout that bails out the fund that bailed out the bailout fund?


    (Someone had to ask... figured I might as well get it out of the way - The only thing more ridiculous is the bailout system)
    14 Nov 2011, 10:34 AM Reply Like
  • CautiousInvestor
    , contributor
    Comments (3090) | Send Message
    When these a**holes deny something you can be sure its true.
    14 Nov 2011, 01:05 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13478) | Send Message
    Maybe Bernanke can buy their bonds and they can buy the US Treasuries. Then both can do QE and keep the roll going until they double their balance sheets out of thin air. The wonders of modern fiat money and loose central banks. They make honest ways of making money look downright stupid.
    14 Nov 2011, 02:39 PM Reply Like
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