Ponzi Comes Full Circle: ECB Will Rate Sovereign Bonds It Accepts As Collateral

You can’t make this stuff up! - Ponzi Comes Full Circle: ECB Will Rate Sovereign Bonds It Accepts As Collateral (ZeroHedge, June 21, 2012): Two days ago we noted with muted disgust that Europe has legislated to scrap the use of rating agencies, who were everyone’s best friend during the up-phase in the global ponzi, [...] continue reading the breaking news