Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Because sovereign bonds, once they have been laundered by the bid-ask spread of a major investment bank, are monetary instruments, and may therefore be bought as part of ordinary interest rate targeting. The common stock of banks is not.

Also, the banksters don't forcible injection of new equity. That sort of thing tends to precipitously increase the risk of having to look for a new job.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Sep 12th, 2011 at 01:41:46 PM EST
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