Gene's Footnotes

I have never been impressed by the messenger and always inspect the message, which I now understand is not the norm. People prefer to filter out discordant information. As such, I am frequently confronted with, "Where did you hear that...." Well, here you go. If you want an email version, send me an email.

March 30, 2012

Caveat: March 29, 2012

12:12 PM The Bundesbank will no longer accept bank bonds from Ireland, Greece, and Portugal as collateral, the first EU central bank to exercise this right recently granted by the ECB. The Buba currently has €500M of the paper pledged to it and will spend the next weeks notifying banks that new arrangements will be necessary. (Read the comments on this)
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posted by Gene | 3:53 PM

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