Expanding the LTRO Looting Program

Here's an interesting addition, via Izabella Kaminska at FT Alphaville, "Turns out that not all the national central banks of the European System of Central Banks (ESCB) are so keen on widening collateral criteria, especially the idea of taking on more bank loans (tweaking the eligibility of credit claims) in exchange for central bank lending." (Let there be credit claim collateral… just not everywhere.)






From Bloomberg on Wednesday (H/T Sean Corrigan):
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Feb. 1 (Bloomberg) —

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