This is IMHO what the bailouts are all about. The money changers have got everyone in debt with their counterfeit fiat paper that they created out of thin air. All of the money owed to the banksters was created out of debt and so IMHO should just be defaulted on. The lenders did not actually lend any money that they possessed in the first place. Since most of the debt isn't backed by anything of value, the trick that is now being played out is to lend out more money to pay back the unsecured debts, only now the new debt will be backed by the people and all of their national assets. What a scam.

Yesterday, in our daily list of shocking discoveries of just how far forward Greece is willing to bend over, we realized that not only will Greece not receive a penny (or is that a drachma?) from Europe, but it itself will have to fund the European bank bailout via a Greek-funded Escrow account. In today’s ‘insult to rape‘ chronicles, we discover that before Greece is even given permission to bail out Europe’s banks, its creditors first demand that the province of Bavaria Sachs, formerly known as Greece, satisfy a checklist of 38 specific conditions, which the now fully colonized nation will have to complete before the end of the month (so in about 5 days), before it is permitted to transfer taxpayer cash to French, German, Italian and Spanish banks. How anyone, even the world’s most degraded debt slave, is willing to subject themselves to such humiliation is simply inconceivable.
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http://www.zerohedge.com/news/projected-piigs-pillage-32335-tons-gold-be-confiscated-insolvent-european-banks