Firstly, please forgive my ignorance if thats what it is.
What are bondholders ?. Are they not gamblers of millions rather than tens and twenties and if so why must we pay out on lost bets ?
Is there not a military and economic principle of "Never reinforce failure. Failure reinforces itself." and if this principle has been proven correct in the past, what the hell are the politicians playing at ?. Is the current policy of bailing all these unknown "bondholders" perpetuating, rather than truncating, the slump as happened in the 1930's.
Who are these bondholders and if their bets/investments are lost how would it effect the citizens of countries seemingly being held to ransom by these individuals ?.