"The ECB should start charging '2 & 20,' because who else can buy bonds at 80 (euros on the...


"The ECB should start charging '2 & 20,' because who else can buy bonds at 80 (euros on the dollar), ride them down to 25 and claim they made a profit," says Peter Tchir of the reported ECB plan which assumes profits on its holdings of Greek paper.

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  • rstephan
    , contributor
    Comments (3) | Send Message
     
    that would be "cents on the dollar" or "pennies on the Euro" but not "euros on the dollar"
    16 Feb 2012, 08:02 PM Reply Like
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