Geithner's Fairy Tale Euro Bailout Is QE 3

Stocks have ripped higher in volatile trading this week as investors grow more comfortable with an emerging political plan to stabilize financial conditions in the euro zone, a plan filched straight from one of the Grimm’s fairy tales, “The Master Thief.”

In the tale, which is duly Germanic, a young man seeking the hand of a nobleman’s daughter is sent by her father on an increasingly audacious set of robberies -- the last one of which, well, I don’t want to ruin it for you. Let’s just say it does not end well for the commoners, who are always fleeced.

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