Analysis from Wolf on Wall Street In Friday's "Bonds In the News" post here's an excerpt of what I saw as the ramifications of the ECB bond swap: "The ECB has swapped their Greek bonds for the new bonds, no write down, no CAC clauses. In essence, the 50 year old concept of eqaul treatment for creditors was just thrown out the window as PSI (Private Sector Involvement) will (if Greece gets the