From Tyler Durden at Zerohedge.com which is a website dealing with finance, economics, and politics:
Just over a year ago:
- METLIFE SAYS `NO MATERIAL EXPOSURE’ TO GREECE – BBG
Just over a few seconds ago:
- METLIFE SAYS `NO MATERIAL EXPOSURE’ TO GUN MANUFACTURERS – BBG
How the times change. Does this mean that the ECB now accepts 44 caliber hollow points as Tier 1 collateral?
It goes to show big business and especially those in the financial services field are not our friends. They sway with the political winds and run away from anything that their PR experts tell them is controversial.
ECB, by the way, is the European Central Bank.