FTD: ECB contemplating QE

The Financial Times Deutscheland days the ECB is considering large-scale asset purchases, buying up large quantities of diverse securities.

The ECB is examining buying other types of bonds rather than sovereign debt, perhaps buying bonds directly from banks.

Sounds like TARP and QE all rolled into one… With the banks the single most important source of corporate credit in the euro zone, and in desperate need of recapitalization, the idea is not that far-fetched.