EuroFAIL - Video Explaining EuroTALF As Dealer Of Last Resort
Yes, we have written and written on the topic of the levered-EFSF / Geithner-fest / EuroTALF seemingly ceaselessly, and still some are confused. So here, in a brief 3 minute video, is an explanation of how the ECB plans to make money appear out of thin air, and how all shall be well. Alas, if you are right now thinking that this plan relies on nothing but credibility, and are confused because the ECB has none left...you are correct.
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