Thursday, September 6, 2007

$57billion European Central Bank Bailout Today

The European Central Bank (ECB) offers 42.2 billion Euros to bailout speculators and prop up inflated global asset bubble:

ECB Offers $57 Billion One-Day FundsIn Bid to Boost Banks' Liquidity (Wall Street Journal)

Australia joined the bailout bandwagon with a liquidity injection and a loosening of security-repurchase standards.

Next: $31billion Federal Reserve Bailout Today

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