If it makes sense to fight fire with fire, then why not fight acronyms with acronyms?

In an attempt to get a handle on a crisis caused (at least in part) by collateralised debt obligations (CDOs) and sub-prime asset-backed securities (ABSs), governments on both sides of the Atlantic wheeled out their own four-letter acronyms: in the US it was the troubled asset relief program, Tarp, and in Europe the long-term refinancing operation, LTRO. Both extended ample support to struggling banks. But the speed of implementation and the structure of the two programmes were very different. These differences continue to have profound implications for the recoveries of the banking industries on either side of the Atlantic.