Relevant:
- Ponzi Financing in Greece Continues; Greek Banks Receive €18bn Transfer
- Nothing Special With Treasuries as Fed Has Mortgages
- Mario Draghi: ECB prepared to cut interest rates and expand QE (AKA "DO WHATEVER IT TAKES 2.0"...)
- Fed Stonewalling on Giving Details About Collateral Accepted for Loans
- ECB moves to kill zombie bank financing(!!)
2012-06-21 — zerohedge.com
``... this could also expand the shrinking pool of collateral which banks in troubled countries have available... Bingo. Only not "expand" it, but make it worth whatever Goldman ex-banker Mario Draghi decides it is worth''
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