[lbo-talk] Eurocapital Does Damage Control

[dredmond at efn.org]

The full-time paymasters and part-time crisis-meisters of the planet (or
at least 60% of the world credit economy) just pumped a cool 95 billion
EUR into the European credit system:

"ECB Moves to help banking sector"
http://news.bbc.co.uk/2/hi/business/6938425.stm

Apparently, they're bailing out Eurobanks who got burned by the US housing
bust. Looks like the US housing debacle is beginning to inflict major
economic pain.

-- DRR