Seeking Alpha

LTRO II results: ECB lends banks €529.5B in three-year refinancing operation. 800 banks...

LTRO II results: ECB lends banks €529.5B in three-year refinancing operation. 800 banks participated. Expectations ranged widely, from €200B-€1T, though a Goldman investor survey pegged it at €680B. (LTRO I)
Comments (6)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
 we go...easy money for the banks...hard money for you and me...just amazing...its hard to invest when the big gorillas are the central what will Bernanke do today....
    29 Feb 2012, 06:35 AM Reply Like
    , contributor
    Comments (10683) | Send Message
    Mamma's alot of spicy meatballs !!!!
    29 Feb 2012, 08:54 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
    At 529 billion, not anywhere near as high as initial estimates of 2-3x the size of LTRO1.
    29 Feb 2012, 09:15 AM Reply Like
  • Asbytec
    , contributor
    Comments (6671) | Send Message
    Well, that just falls right in that gray area of not being enough or might have been too much. Did banks borrow enough to invest in equities, dabble in sovereign debt, lend to the private sector, and cover their funding needs for three years? Or did 800 banks borrow too much indicating real stress in the banking system...the banks that will not undergo a stress test this year. Anyway, banks might dabble a little in sovereign debt, but that seems to be the purview of the upcoming ESM with a portion of German backing if the G20 get their way.
    29 Feb 2012, 09:26 AM Reply Like
  • Seeking Benny Frank
    , contributor
    Comments (678) | Send Message
    added to my Barclays position, and now we pray lol
    29 Feb 2012, 06:57 PM Reply Like
  • JohnLocke
    , contributor
    Comments (381) | Send Message
    How will the Banksters keep all of that money hidden away from us common folks to prevent inflation?


    I imagine the new loose money will flood into the commodities markets driving them ever upward via pure speculation.


    Thanks Europe!
    29 Feb 2012, 07:21 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs