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This is also known as "privatized profits", "socialized risks". The same thing happened after the financial crash of 2008. Banks demanded to be bailed out bec
by SkipperCat 4y ago
This is also known as "privatized profits", "socialized risks".
The same thing happened after the financial crash of 2008. Banks demanded to be bailed out because of the systemic risk to the American financial system. But when people started to demand that banks claw back the bonuses paid out, the banks said no. They claimed that would be government overreach.
Ah, the irony....