EU Swiss Army Knife - CDO'd, Squared and Cubed!
Remember: when in doubt, baffle with bull!!!!. From Dow Jones:
EU Paper Confirms Looking At 2 EFSF Options, May Combine Them -Senior EU Source
EU Paper Says EFSF Option To Set Up Special Purpose Investment Vehicle -Senior EU Source
EU Paper Says EFSF Bond Insurance and Special Vehicle Options Could Be Combined - Senior EU Source
EU Paper Says Neither EFSF Leverage Option Requires Change To EFSF Rules -Senior EU Source
EU Paper Says EFSF SPIV Would Combine Public, Private Capital - Senior EU Source
EU Paper Says EFSF Could Set Up One Central Euro Zone SPIV - Senior EU Source
EU Paper Says EFSF SPIVs Could Be Set Up In Several Euro Zone Countries - Senior EU Source
EU Paper Says EFSF SPIVs Would Be Used For Bond Purchases, Bank Recapitalization - Senior EU Source
EU Paper Says EFSF Bond Insurance To Be Tradable Independently Of Bonds - Senior EU Source
It also has a Phillips-head screwdriver, opens cans, serves as a flashlight, dispenses crazy pills can be used as a garrote. And if you act now, you can get get a second one free for the low, low price of €1 trillion, leveraged infinitely courtesy of the world's most complex structured credit product ever conceived.
(Another ZH product.)