The big news this morning is all about the European Central Bank (ECB) and their LTRO (long-term refinancing operation). I told you the skinny on what was going on yesterday, so I’ll give you the results today. Yesterday, I told you that if the eurozone banks requested around 400 billion euros (EUR) of loans, that [...] ECB Turns Into the Fed originally appeared in the Daily Reckoning . The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.