Fed and BOE Shell Games to Bailout Insolvent Banks

"The idea now is to separate out all the bad assets and place them under one shell in a don't ask, don't sell plan, keeping the good assets in a good shell, and pretending the bad shell does not exist. The "twist" is that taxpayers will be on the hook for most of the assets hidden under the bad shell, footing the bill over time. Somehow this scheme is supposed to inspire confidence."