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Euro TARP

http://www.zerohedge.com/news/jefferies-describes-endgame-europe-finished

 

Perhaps an interesting intellectual observation coming up as the euro area faces a Lehman type moment but without the capacity to intervene in a massive way.

 

We'll observe the experiment, maybe get some clues about who was right on the matter.

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Re: Euro TARP

Sounds like the public will get the tab whether it'd via a tarp type program or outright nationalization. Of course a significant amount of tarp went to those European banks so maybe they'll take on bac to return the favor.