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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)
  • Incredible.....here 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 banks...now what will Bernanke do today....
    29 Feb 2012, 06:35 AM Reply Like
  • Mamma Mia.....at's alot of spicy meatballs !!!!
    29 Feb 2012, 08:54 AM Reply Like
  • 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
  • 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
  • added to my Barclays position, and now we pray lol
    29 Feb 2012, 06:57 PM Reply Like
  • 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
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