Monday, October 10, 2011
European Financial Stability Facility
The start of another week and European stock futures are up nicely. The reason is more promises by Germany and France that the European Financial Stability Facility (EFSF), or toxic bank (As I call it, or better yet, European Stability Sure to Fail.) will save the day. It will simply take, say, a trillion dollars or more to put "Humpty Dumpty" back together, which of course Europe does not have.
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