4 ms·
The lender is responsible to get its money back and pay its shareholders and that's it. Now the government is responsible to protect its people. It looks like
by thefounder 7y ago
The lender is responsible to get its money back and pay its shareholders and that's it. Now the government is responsible to protect its people.
It looks like the Greek gov(which represents the Greek people) was not very responsible when it took the loans and arguably neither when it nearly got bankrupted.
- fifnir 7y agoI want you to explain to me in what situation such a lender could ever have a loss. I want you to explain to me why it's reasonable that the lender makes profits when things go right, but the public has to take the loss when things go wrong. Isn't in the nature of a free market that lending is an inherently risky business ?