Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
They used to. They're now morphing into pure liquidity, with the actual credit business withering.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Wed Sep 5th, 2012 at 06:23:26 PM EST
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