Why would American Banks be lining up to deliver more money to Europe in the next few weeks? Aside from the possibility of an 8% return on Italian bonds? Well, what if they've been given a wink and a nod that there losses will again be covered by the Federal Reserve's emergency lending programs. So, 8% or free loans that they can use to buy 3% US Government debt then convert back to cash on the secondary markets. Line forms at Wall & Broad. No pushing Mr. Dimon.