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After learning that a New Hampshire man lost his life savings at
a carnival in hopes of winning an Xbox, a satire website offered
to buy the large stuffed banana the man received as a consolation
gift for the same amount of money the man lost, WBZ reports.Henry
Gribbohm, 30, of New Hampshire, told WBZ-TV that he ended up losing
$2,600 playing Tubs of Fun at a Fiesta Shows' carnival. The next
day, he said he complained to a person running the game and
was given $600 and a large stuffed banana with dreadlocks.Gribbohm later
filed a report with the Manchester Police Department claiming that the game
was rigged. The department told the station that it is investigating the
matter.Tubs of Fun is notoriously challenging. Gribbohm told the station
that he practiced and thought he had a knack for it. But
once the game began, the balls started popping out of the water.
His only explanation: "It's not possible that it wasn't rigged."CollegeHumor.com
caught wind of the story, and announced it would buy the dreadlocked
banana for the $2,600.For every Facebook 'Like' this post gets, we'll put
10 cents toward the cost of Henry's stuffed banana, and if we
get to 26,000 Likes, we'll offer to buy Henry's banana for $2,600.
If this post gets over 30,000 Likes, we'll offer to buy Henry's
banana AND pay for the Xbox Kinect that he was originally trying
to win, the post said.Like a down-on-his-luck Blackjack player, Gribbohm
began making riskier bets to wi
rowing costs as long as they first ask
for help from the eurozone's bailout fund.The purchases would lower borrowing
costs because they would drive up bond prices up and interest yields
down, since prices and yields move in opposite directions. Governments could
then take advantage of those lower yields when they sell bonds to
pay off old bonds that are coming due.The ECB has actually bought
no bonds under the offer. The mere fact that the offer exists,
however, affected the bond market and lowered borrowing costs for countries
such as Spain and Italy.CHEAP LOANS TO BANKS: The ECB made an
unlimited amount of cheap, three-year loans available to banks on two occasions.
In December 2011, 523 banks borrowed 489 billion euros ($608.17 billion)
and 800 banks borrowed 530 billion in a second operation in February
2012.The long duration of the loans gave banks security that they would
have the money they needed through 2015. It eliminated market fears
that one or more banks might collapse and thus made it easier
for banks to borrow money and function in support of the wider
economy.Some of the money is now being repaid by banks under a
provision that lets them give the money back after a year.EMERGENCY ASSISTANCE:
The ECB is allowing national central banks in troubled countries to make
emergency loans to banks that are not eligible to borrow from the
ECB's programs. That is because those banks don't have enough safe collateral
such as hig
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