The banks think they'll be bailed out. Maybe not in a US way with direct cash injection but maybe in an EU way with the government creating a Bad Bank and buyin

The banks think they'll be bailed out. Maybe not in a US way with direct cash injection but maybe in an EU way with the government creating a Bad Bank and buying their mistakes at above market rates. Of course they'll lie about it and say it's a good investment to sell it to the public. Everyone who has money is beholden to the banks.