"The ECB is scheduled to relax its bungee collateral requirements. The bank will now lend against used cars and day-old bread. But Draghi suggested that he had no intention of following America's Fed in its irresponsible "quantitative easy" path. Instead of buying the bonds directly, he and the banks will collude to defraud the public. The ECB will pretend to be in control of the situation. The banks will pretend to be solvent."
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