Black Swan 2: This Is "The Next Critical Chapter In The Austrian Banking System Story"
March 27, 2015 at 15:44 PM EDT
When it comes to the sweeping of (trillions of) toxic assets until such time as the ECB starts purchasing not only government bonds but equities, bank loans and really anything else that in a normal world would have some "mark to market" value, Europe had a ready answer: bad banks.