Starring A. Banker as Kermit the Frog and Jean-Claude Trichet as The Cookie Monster.
Kermit: Hi ho, Kermit the Frog here and this is a mystery box. You see if anybody can guess, from the clues I give, what is in this box, then they can keep what is in the box.
Cookie Monster: Is it cookie?
Kermit: Er no it is not a cookie.
Cookie Monster: Bye Bye.
Kermit: Ah but wait a second Cookie Monster! There are CLUES.
Cookie Monster: But who care about CLUES without cookie. Me want cookie. No cookie, no guessing game from clues. Arrivederci Frog.
Kermit: B-b-b-b-bu w-w-w-wait a second! Come back here! You see I tell you what I’ll do: If you guess what is in the box, I’ll give you a cookie.
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From the ECB: Expansion of the list of assets eligible as collateral in Eurosystem credit operations:
…the Eurosystem will lower the credit threshold for marketable and non-marketable assets from A- to BBB…
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Cookie Monster: It a horse! It a cow!It a ball! It a pogo stick! It a rump roast! It a Moose!
Kermit: No No No No NO! Those are wild guesses!
Cookie Monster: Well me WILD about COOKIES!
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It a bad deal.
Related links
ECB to fund BBB- Junk – Alea