In a world awash with debt, it is becoming more and more of a hot potato you don't want to be holding when the music stops. As this article indicates, what the politicians really want is to transfer the losses to the private sector. Consistent with one of Merkel's demands, "the private sector would also be held indirectly liable for the losses". This is what Bernanke is doing here as well, since QE2 simply transfers losses to innocent parties while the establishment avoids all responsibility for the disaster of their own creation.
Passing the Buck: European Central Bank Wants to Unload PIIGS Bonds - SPIEGEL ONLINE - News - International: www.spiegel.de/international/europe/0,1518,749140,....html
http://chum.ly/n/738fe6
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