Many many years ago, long before I was aware of the fraud that is our banking/financial system, I used to hear from our bank manager about these investment products that provides decent gains, but the downside would be losing a big chunk of the capital if the 4 specific bank stocks collapses.

I used to wonder why they would provide such an option considering banks are supposed to be solid as rock. Thankfully never touched it.

The thing is, they always knew this day was coming, and were getting hapless investors to act as insurance for the banks. I wonder how many folks are on the hook for the banks right now.