It could also provide near unlimited liquidity through yet another huge long term refinancing operation.
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"This was a long-term operation to steal intelligence and information that went under the radar, " he said.
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To fill their funding holes from fleeing deposits much of this borrowing has come from the Long Term Refinancing Operation or LTRO.
The exception is the ECB's Long Term Refinancing Operation (LTRO), which provides banks with three-year liquidity at its main interest rate, currently 1%, against a wide array of collateral.
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The defence ministry says that to sustain a long-term operation, with a proper rotation system, it ideally likes to have at its disposal three or four ships or aircraft, and up to five army units, for every one deployed at any given time.
Just look at the three-year long-term repo operation that the ECB just recently put in place.
The reaction to take-up of the ECB's second long-term refinancing operation was fairly muted.
Examples of secured funding include covered bonds, repurchase agreements and the European Central Bank's Long-Term Refinancing Operation.
It is now unclear if the European Central Bank will roll out another round of its long-term refinancing operation (LTRO).
The European Central Bank is not expected to lower interest rates this week, but is expected to make overtures to the long-term refinancing operation, or LTRO.
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And since the ECB started its long-term refinancing operation (LTRO) programme last November, they have been getting quite a lot of longer term funding from that source as well.
Meanwhile, financial markets have taken a more positive tone in recent weeks, noted Bank of America Merrill Lynch, largely on the effects of the European Central Bank's three-year long-term refinancing operation.
The momentum looks likely to continue, particularly because the ECB will conduct a second offering of three-year loans to banks, known as a long-term refinancing operation, or LTRO, at the end of February.
Researched with long-term co-operation from industry, it emphasises facts and evidence but is aimed at a popular readership.
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The outgoing chief executive, Peter Marks, says the Co-op will develop its banking operation over the long term.
Importantly, hedge funds have evolved in recent decades as a natural result of long-term changes in the structure and operation of the financial markets.
It makes clear the US does not seek permanent military bases in Afghanistan but will "provide a long term framework for security and defence co-operation".
There could be trouble ahead for another increasingly popular yield vehicle, mortgage REITS. If the Fed implements Operation Twist and buys long-term bonds to flatten the yield curve, that could hurt leveraged investors in mortgage-backed securities two ways.
Yet he's optimistic about the long-term cost savings and synergies of the combined operation.
China needs a "renewed reform momentum" to sustain long term growth, the Organisation for Economic Co-operation and Development (OECD) has said.
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The Fed instead extended its Operation Twist program aimed at keeping long-term borrowing costs low by selling short-term Treasurys and putting the money into long-term bonds.
For example, while the short-term advantage of outsourcing manufacturing processes allows for a satisfactory quarterly balance sheet, this strategy lacks long-term vision and can be an inefficient means of overseas operation.
Diamonds, Worstal argued, are mined when the mining process guarantees a high value, long-term, profitable return on the investment made in the mining operation.
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"It's great news that it's a clean break as I don't need to have an operation and it won't affect my career long term, " he said.
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Measured by flows, India is overtaking China as Japan's biggest destination for foreign investment and, according to a survey by the Japan Bank for International Co-operation, will be the most favoured destination for long-term Japanese investments over the next decade.
ASEAN, the main issues are long-term: how eagerly will its members press for greater openness and co-operation in trade, investment and financial regulation?
But a city like New Orleans, with its rebuilding challenges, its violence, its rich culture, the odd mix of civic virtue and corruption, and its long-term existential risks from hurricanes and rising seas, deserves a first-class newsgathering operation.
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However credible this assessment may be, we will endeavour - in view of the inherent uncertainties associated with any verification process, and, particularly in light of Iraq's past record of co-operation - to evaluate Iraq's capabilities on a continuous basis as part of our long-term monitoring and verification programme, in order to provide the international community with ongoing and real time assurances.
Vaughan faced serious doubts about his long-term future as a player of any description, let alone at the highest level, after a fourth knee operation took him out of the international scene in 2006.
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