Great news for all the inaptly European banks out there. The lender of last resort, does what the FED does for ages, they are printing money. Well it's not named this of course. Because we live in time of double-speak. It's to avoid a credit crunch. And of course the hope is the inaptly banks...
Now dear Readers, if you think there must be an end to ignorance and deception. You have to read the following: http://www.icis.com/Articles/2011/08/09/9483817/us-fed-promises-record-low-interest-rates-for-at-least-two-years.html One can see they are absolutely clueless and can't help but trying...