When Is QE Not Really QE, a Bailout Not Really a Bailout?

When the going gets tough, the sneaky take it off balance sheet.

Watch carefully what the Fed and the Treasury do, not so much what they say.

Times of India
IMF chief calls on US for more cash
3 April 2012

WASHINGTON: IMF managing director Christine Lagarde implored the United States to help back-stop debt-ridden European countries Tuesday, wading neck-deep into bubbling US political waters.