Jean-Claude Trichet’s Italian Job

By: Francis Cianfrocca (Diary) | August 8th at 06:20 AM |

Jean-Claude Trichet, the outgoing governor of the European Central Bank, just announced that the ECB will engage in purchases of euro-denominated bonds issued by Spain and Italy. This long-resisted move is intended to stem the latest flareup of the sovereign-debt heartburn that is a far greater threat to financial-market stability than the US debt downgrade. If the ECB manage to sustain this, it probably will | Read More »

Tags: CDS, debt downgrade, Germany, Italian debt, Jean-Claude Trichet, sovereign-debt crisis

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RMConservative: Some say Schumer was upset when Reid won reelection. Nah..He got a better job. He's now GOP leader #rsrh
RMConservative: It is stupefying that Republicans would grant Obama the biggest victory of his presidency while he is embroiled in scandal #rsrh
moelane: #rsrh The Nation calls out the Center for American Progress for *selling* out to corporations.: http://t.co/NHa5LRMtDu
moelane: #rsrh For the record: I think the WH is telling the Journolisters that Eric Holder is resigning.: http://t.co/o7NyxRRJtA
moelane: #rsrh Lois Lerner to take the Fifth tomorrow on role in IRS attacks on Tea Party.: http://t.co/610sGda1XD
moelane: #rsrh The New York Times sub rosa declares for the Obama administration in DoJ/AP dispute.: http://t.co/CBkkG5VPVc
RMConservative: Dems just voted against an amdt to block the refundable portion of child tax credit for *future* illegals #rsrh
moelane: #rsrh Eugene Robinson... points out troublesome behavior from Obama towards the press.: http://t.co/5M215jxCPT
baseballcrank: IRS scandal should remind us why campaign finance 'reform' is so pernicious: it lets govt regulate politics. #rsrh
RMConservative: Democrats just rejected an amendment to ban gang members from receiving amnesty. You can't make this stuff up #rsrh
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RMConservative: Dems opposing amdt to block asylum status for those who return to their country just like the Boston bomber's parents #rsrh
cayankee: Obama met with IRS union cheif the day before they targeted the TEA Party http://t.co/wDfiFPf4PR http://t.co/4XcOEk7N4J #RSRH
cayankee: Former Georgia Secretary of State Karen Handel launches campaign for U.S. Senate. http://goo.glXlqik A fresh voice. #GAsen #RSRH
cayankee: Unions representing 20,000 federal immigration enforcement agents oppose Senate immigration bill. http://t.co/O772pQ4faJ #cir #RSRH
moelane: #rsrh QotD, The Thing About #Benghazi Is That It Was Sadly Predictable edition.: http://t.co/WYhI1KqYZb
moelane: #rsrh Why Dan Pfeiffer called the law 'irrelevant.' (Spoiler: so people won't go to jail.): http://t.co/FIUsVs2hcS
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moelane: #rsrh This would be EW Jackson http://t.co/uvAr803kta This is suddenly going to be a MUCH more entertaining VA-LTGOV race. (via @JohnG405)
moelane: #rsrh Of *course* Ed Markey is hiding from Massachusetts voters.: http://t.co/kzUef1Pq2O
moelane: #rsrh Hastily-retiring Max Baucus suggests more IRS revelations.: http://t.co/ElYCPYsZ4k
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moelane: #rsrh "Was western meadowlark the official state bird of the entire Louisiana Purchase..." : http://t.co/flfLaSpsr0
moelane: #rsrh Politico asks: WWCD?: http://t.co/BiObg0sZKv
moelane: #rsrh Charlie Cook: GOP should (air quotes) 'start' leaking dirt on Obama to press.: http://t.co/5syx1mf0vz
RMConservative: Between 1992 and 2012, a total of about 1.7 million Muslims entered the U.S. as legal permanent residents.http://t.co/WuPJSn0yp6 #rsrh

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