FRANKFURT, Germany — The European Central Bank loaned a massive €489 billion ($639 billion) to 523 banks for an exceptionally long period of three years in an effort to steady a financial system under pressure from the eurozone debt crisis.
It isn't that it's necessarily wrong, it's that rich assholes are having their absurd salaries maintained by the free money bazooka while everybody else is being asked to suck on it. In the name of the market! And after they light this pile of money they'll have another "liquidity event," otherwise known as not having enough money to pay your bills, and the free money bazooka will come out again.