ECB A Dumping Ground for Financial Toxic Waste

Many market followers may be making the erroneous assumption that the US Fed is the most reckless actor in the grand scheme of desperately propping up the collapsing credit bubble. The ECB (and the BOE, another bad actor) have actually been far more reckless in aggressively bailing out failed institutions, financing worthless paper, and debasing their currencies. The Bernanke Fed has actually been a model of restraint in comparison.