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They have learned: privatize gains, socialize losses. The government is so fearful of meaningful corrections they will do whatever is necessary to make the peo
by bcrosby95 7y ago
They have learned: privatize gains, socialize losses. The government is so fearful of meaningful corrections they will do whatever is necessary to make the people at the top whole instead of letting them suffer catastrophic losses. So party on.
There are ways to go about this and wipe out investors without causing complete economic collapse (e.g. nationalization and orderly dismantling) but "we've" already decided not to go that route.