Vincent Browne Heckle !

**PaddyJoe** · 27-03-2012, 10:15 PM

'There are interesting parts of he liturgy of politics including bells and whips". And rosary beads and candles, Peter

**TotalMayhem** · 27-03-2012, 10:21 PM

Why am I doing this to me?

**TotalMayhem** · 27-03-2012, 10:23 PM

We volunteered???

No way did I fµcking volunteer! And no, I didn't party either.

**PaddyJoe** · 27-03-2012, 10:24 PM

Originally Posted by TotalMayhem

Why am I doing this to me?

Terminal masochism?

**TotalMayhem** · 27-03-2012, 10:27 PM

Originally Posted by PaddyJoe

Terminal masochism?

I was just about to give that thought some credit, but now Peter offers redemption.

**PaddyJoe** · 27-03-2012, 10:28 PM

What is this battering ram that Peter is prepared to man against the ECB?

**TotalMayhem** · 27-03-2012, 10:29 PM

Hybrid debt? Good un, Peter!

**musashi** · 27-03-2012, 10:30 PM

Vincent has asked the same question 5 fricken times. I wish PM would just answer it.

**TotalMayhem** · 27-03-2012, 10:30 PM

ELA debt?

How many qualifying adjectives and abbreviations for debt are there?

**PaddyJoe** · 27-03-2012, 10:31 PM

"The ELA debt is odious. We heard that at the meeting(with Honohan) today', says Peter turning to Stephen.
Was that in the private session? Didn't notice it in the open session.

**TotalMayhem** · 27-03-2012, 10:34 PM

Exceptional Liquidity Advances ... could do with some those myself. Where can I apply?

**PaddyJoe** · 27-03-2012, 10:35 PM

Obviously the mortgage losses in the banks are going to be even worse than predicted in the last stress tests.
Ergo this tricking around with transferring trackers to IRBC. How much more cash is going to have to go into AIB and BOI?

**TotalMayhem** · 27-03-2012, 10:36 PM

"It was snowy, I remember the day so well."

**DCon** · 27-03-2012, 10:38 PM

Originally Posted by TotalMayhem

ELA debt?

How many qualifying adjectives and abbreviations for debt are there?

zerohedge were kind enough to have an advance piece today

What is ELA?

National central banks can provide during a “crisis situation” liquidity on an ad-hoc basis to financial institutions in their respective jurisdiction. This assistance is part of the tool box Euro area central banks have at their disposal to fulfill their financial stability mandate. The possibility to use ELA, and thereby provide liquidity to specific financial institutions beyond the normal monetary policy operations conducted by the Eurosystem, allows national central banks to fulfill their role as lender of last resort in circumstances where the regular Eurosystem wide operations would seem to be inadequate.

http://www.zerohedge.com/news/europe...money-printing