Confused? Please try to follow:
We lend money to speculators
To buy speculative assets
From banks who speculated.
The assets are bankrupting
The very banks who own them.
But if sold at a good price
To the speculators
The banks will do nicely, thank you.
Won't the speculators go bust
If the assets bankrupting the banks
Are owned instead by them?
Not really.
Because speculators are buying the assets
With your money.
But not to worry. Silly.
You won't own the speculative assets:
The speculators will.
And if the assets are worth anything
The speculators profit.
And if not?
It's only money.
Your money.
And since you didn't really have it anyway
You won't miss it at all.