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Friday, December 30, 2011

ECB Swap Lines from FRBNY Skyrocket!

And here is the US to support the Ponz even more.  Check it out yourself here.  Scroll down to August 24, 2011.  The ECB and Swiss National Bank had outstanding amounts but it was not recorded in the total.  The week before the SNB drawn number was recorded in the total but the next week the ECB's draw was not in the total.  Not sure what the "spirit" of the move is but keeping with the central plan of central planning, it was meant to mislead I'm sure, perhaps something to do with rehypothecation.....