"Remember the $700 billion Troubled Asset Relief Program with
which the federal government came to the rescue of faltering
banks in 2008? Well, according to a Bloomberg report, that
was just a fraction of the financial help the Federal Reserve
Bank wound up doling out to troubled lenders. The real total
was reportedly closer to $8 trillion, after you add up
benefits outside TARP, including emergency loans given at
below-market rates:"
my take ??
now its the ECB's turn to hit comparable money creation numbers over there
far from going oh horrors at these revelations
we should take heart
this proves any amount of money can be generated to buy up any amount of circulaing securities
that includes trillions in sovereign piigs bonds
