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Feb 17, 2012

Marketplace Index for Friday, February 17, 2012

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A week ago, the $172 billion Greek bailout seemed signed, sealed and delivered. But it turns out there’s still some heavy lifting to do before this Sisyphusian chapter in European financial history is ready to be closed. The Greek saga's starting to feel like reading a book on a Kindle…you’re never quite sure if you’re close to the end. Barry Ritholtz, author and head of Equity Research at Fusion IQ, is starting to think the never-ending Greek bailout story is designed to inure us to the drama. And the Daily Pulse is up on news that Italian police seized fake U.S. Treasury bonds worth $6 trillion...yep, with a "T."

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Greek bailout deal drags on

Feb 17, 2012
Economist and blogger Barry Ritholtz is getting tired of watching Greece do its Sisyphus impersonation.

A week ago, the $172 billion Greek bailout seemed signed, sealed and delivered. But it turns out there’s still some heavy lifting to do before this Sisyphusian chapter in European financial history is ready to be closed. The Greek saga’s starting to feel like reading a book on a Kindle…you’re never quite sure if you’re close to the end. Barry Ritholtz, author and head of Equity Research at Fusion IQ, is starting to think the never-ending Greek bailout story is designed to inure us to the drama. And the Daily Pulse is up on news that Italian police seized fake U.S. Treasury bonds worth $6 trillion…yep, with a “T.”