My problem with these Central Bankers is that they are now playing both sides of the market, yet they shouldn't be in the market as they have now become the market owners. they bend the rules to suit them, for instance, over the weekend the ECB close two Italian banks, the small boys get hit, yet the 'superior bond holders' are protected; so who are these large bond holders...... my guess, is the ECB. They will not let the biggest banks fail as they are now the large bond holders. It doesn't matter that the retail investor loses, because these bankers make sure they win.