EU Says No Concrete Bank Recapitalization Plan Right Now

Discussion in 'Wall St. News' started by THE-BEAKER, Oct 5, 2011.

  1. FUNNY HOW THE FT ARE NOT REPORTING THESE COMMENTS FROM REHN


    Remember when yesterday we ridiculed the FT's third attempt at resuscitating the euro and the f(l)ailing continent (attempts one and two crashed and burned previously) and the stock market's lemming-like pursuit of this innuendo once again? Looks like we were correct. According to flashing Bloomberg headlines, "EU Says No Concrete Bank Recapitalization Plan Right Now" and continues: "EU Economic and Monetary Commissioner Olli Rehn “doesn’t speak of a concrete plan in hand,” his spokesman, Amadeu Altafaj, told reporters in Brussels today. "He speaks of an initiative, of discussions in progress and he pleads for a European approach." In other words, when the IMF rumor wears out in a few minutes, expect Liesman to be true to his name some time around EOD when markets are desperate for a lie. Any lie.

    http://www.zerohedge.com/news/ft-ru...concrete-bank-recapitalization-plan-right-now