Who will pay for European bailout?

Since they are issuing bonds, the question is not, who will pay, but rather, who will lend.
I think the usual suspects: large banks and funds. I wonder if Golman Sachs proposed its services (kidding.)

Just supports my underlying thesis that the world's economy is still being supported by the government. Look at overnight LIBOR, Fannie and Freddie....

You should wear a tutu when you make such graceful leaps of logic. It would add to the value of your posts.

Here's some of today's headlines:S

# Goldman Sachs Expects More Investigations
# US Fed Reopens Currency Swap Lines with ECB, Others
# Euro Zone Central Banks Buying Government Bonds
# EU, IMF Agree $1 Trillion Emergency Fund
# Fannie Mae: Long-Term Financial Sustainability Uncertain
# Bank of England Keeps Policy Unchanged After Election
# Trend of US Mortgages 'Underwater' Grows: Report

Unadulterated, from cnbc.com.

what steve misses is that if those headlines didn't exist, we'd be even higher.

he has to learn how the stock market works.

Bad news doesn't mean you go down if it is already priced in, just as the reverse is true.

I think we can expect the Germans to foot the bill

As the old saying goes, "Bull markets climb a wall of worry." And that's exactly what this bull market is doing.

One thing they will not be paying off this bailout with is gold. There's still plenty of paper to go around.

Gold still looks like a solid hedge - albeit a volatile one.

Money was invented by rich people who didn't want to give up their gold. They said, "take our money it's as good as gold...."

"Money was invented by rich people who didn't want to give up their gold"

And yet the vast majority of billionaires have little, if any, or their liquid assets in gold. Nice try.