Marketplace Index for Wednesday, December 21, 2011
If you've ever been really strapped and had to borrow money from friends or relatives, you know what it's like to be a distressed European bank today. If you actually take the money, they know how desperate you really are. If you don't take the money, well, you're still stuck not being able to pay the rent. Today, the European Central Bank became that lender of last resort, offering a historic $639 billion to 500 European banks. the Daily Pulse is up today on news that taking the answer to the question, “What’s the best way to get from New York to D.C.?” has surprisingly become: “The bus.”
If you’ve ever been really strapped and had to borrow money from friends or relatives, you know what it’s like to be a distressed European bank today. If you actually take the money, they know how desperate you really are. If you don’t take the money, well, you’re still stuck not being able to pay the rent. Today, the European Central Bank became that lender of last resort, offering a historic $639 billion to 500 European banks. the Daily Pulse is up today on news that taking the answer to the question, “What’s the best way to get from New York to D.C.?” has surprisingly become: “The bus.”
