Ironic Timing:LTRO

While I was writing the last post, 2 minutes ago Zero Hedge printed an article that proves conclusively that there is a stigma attached to borrowing from the LTRO as banks that did have underperformed banks that did not. I didn't read the article beyond the teaser, but here it is for anyone interested. 

This means if you have an idea of who participated in the LTRO, as conditions worsen in the EU, those are the short targets.