Many people saw the bailout of AIG as a backdoor bailout of its big bank creditors.

FORBES: Is Ireland Europe's AIG?

Many have called it, and the collateral payments, a backdoor bailout of the banks, however.

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So the backdoor bailout of Bankia could actually hasten the day when Spain asks its EU partners for a bailout.

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How will the Irish public feel about the bailout if they come to see it as a backdoor bailout of foreign financial firms?

FORBES: Is Ireland Europe's AIG?

It appears that UMPQ is benefiting with a backdoor bailout given the acquisition of assets at a discount with the takeover of TBHS and loss sharing with the FDIC.

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The U.S. government payments came to be seen by many as a controversial backdoor bailout of the banks, especially because the U.S. government did not negotiate any sort of discount from the big banks that had mismanaged their counterparty risk.

FORBES: Is Ireland Europe's AIG?