A bank led, bank insurer bailout? Efficient markets have less gullibilty and less manipulation

``So, Will a mere $2 billion, or even twice that - $4 billion make the difference between whether a company that insures more than a half a trillion US dollars of risk stays in business or not? Do you see how silly this reads? Now, let's assume that this bank consortium does somehow raise enough money to safely insure over a half a trillion dollars of risk with a AAA rating. Is this still truly insurance? On the topic of insurance.... Wasn't risk supposed to be transferred? Or in this case was it actually further concentrated? These six banks, many of which (namely Citibank and Wachovia) have immense exposures to this insurer, are in effect, self insuring - without the requisite reserves, stop loss, or reinsurance in place to make it prudent. Think about it...''