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Bank debt guarantee too?
Posted By Peter Boockvar On October 19, 2011 @ 3:19 pm In MacroNotes | Comments Disabled
Some headlines coming across DJ tape quoting sources, “EU Bank regulator seeks to use EFSF for bank debt guarantees,” This seems to be in addition to sovereign debt. “Guarantees would provide 1-3 year term funding.” The US Gov’t did the same thing in ’08-’09. “Debt guarantee idea faces opposition from national governments.” Not a surprise with so many cooks in this kitchen.
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