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Bailing banks out and nationalizing them are virtually equivalent. Except for the results for shareholders, bondholders, and executives, all of whom end up muc
by MaysonL 15y ago
Bailing banks out and nationalizing them are virtually equivalent.
Except for the results for shareholders, bondholders, and executives, all of whom end up much better off after the bailouts.
- zealoushacker 15y agoAnd with the inclusion of the taxpayers who made the bailouts possible and who will ultimately pay the highest price. Yay for corporatism with a socialist twist.
- zealoushacker 15y agoSeeing that this got flagged down, simply means to me that the folks who flagged this comment down have no respect for reality...