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Bailouts are public. But that doesn't mean there aren't bailouts of private sector. If government doesn't bailout idiots like e.g. private banks, their entire
by Ygg2 7y ago
Bailouts are public. But that doesn't mean there aren't bailouts of private sector.
If government doesn't bailout idiots like e.g. private banks, their entire economy can collapse. That means no pensions, no jobs, and destroyed economy.
- kwhitefoot 7y agoGovernments could bail out the victims instead, that is the pensioners, the employees.
- Ygg2 7y agoThat's true, however it's both easier and politicaly good move to bail out banks. Easier because you don't have to see who had which plan and how to bail out each person on it. Plus banks are both more powerful and easier to return the favor than the victims.