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Van Lanschot Taps LTRO
De Telegraaf reported on Thursday that Van Lanschot bank had tapped the LTRO for 750 million euros. Quoting Floris Deckers, Chairman of the Board of Managing Directors, "What would you do if you saw a 50 euro note lying on the sidewalk. We're earning a nice margin on it. We don't need it for financing or liquidity."
More on this story at Reuters here:
http://www.reuters.com/article/2012/03/08/idUS66242+08-Mar-2012+HUG20120...
http://www.telegraaf.nl/dft/bedrijven/van_lanschot/11672533/__Van_Lansch...
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I personally think a lot more Dutch banks should have stolen from the cookie jar, but what do I know ;)
if only it were true that the 50 euro note was lying on the sidewalk
alas it was actually stolen from Oma's cookie jar
bankster thieving bastards