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Pastimes : I AM A MINDLESS ZOMBIE

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From: Dennis Roth	12/17/2011 1:07:46 PM
	1 Recommendation of 258

UK banks' eurozone 'zombie' fears telegraph.co.uk Demonstrators dressed as zombie bankers participate in a flash mob outside the Bank of England in October. Eurozone banks' shortage of collateral to borrow against has led the central bank to widen the pool of assets it will accept, however analysts warned the move could be a "fast-track to 'zombieville'". " 'Excess' bank usage of the three-year LTRO runs the risk of creating more banks who are 'addicted' to ECB money – ie. the classic model of 'zombie' banks," said analysts at Barclays Capital. A 'zombie' bank is one which relies on central bank funding to survive.

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