If we were unscrupulous individuals (we are not,) then we might think in the following way:
1. Send some US$ to a holding company, one layer out of site is probably OK, maybe two.
2. Instruct the holding co. to buy Euros with the US$s you deposited.
3. Use the Euros to "safely?" obtain higher interest rates in Europe.
4. Meantime, don't bother to lend in the US (your charter) just try to sleeze by.
5. When the regulators take a look, everything seems fine.
6. Unless and until entire socialist nations default one by one in Europe.
7. At that time, ask for the US tax-payers to bail you out again.
8. If that doesn't work, see if the Fed can print enough money to help you while everyone else gets screwed.
Simple. Plan A and Plan B, one of them should work.
The best part? If you get caught, just make sure there is no clear trail to the top, i.e. just blame someone else!
