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Post# of 648882
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HoosierHoagie

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HoosierHoagie

Re: HoosierHoagie post# 461708

Wednesday, 05/16/2012 12:26:46 PM

Wednesday, May 16, 2012 12:26:46 PM

Post# of 648882
More on the ECB/Greek bank story:

The ECB move to stop assistance to several (it appears 4) Greek banks is the result of their capital balances turning red. Under ECB rules, it cannot lend to such banks, who must instead borrow through the Bank of Greece (which, in essence, borrows from the ECB). No one is being cut off.

I have to stop saying..."How stupid can you be?"

Some people are taking it as a Challenge...**Grins**

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