The numbers aren't as gaudy, but the ECB's LTRO dwarfs anything the Fed did over the past 3...

|By:, SA News Editor

The numbers aren't as gaudy, but the ECB's LTRO dwarfs anything the Fed did over the past 3 years, writes Kid Dynamite. The ECB just gave 523 banks 3 year loans at 1% against questionable collateral - "riskier and a more egregious bastardization of the central bank's role than are rolling overnight loans (which is what the Fed did)."