>"privatize profits, socialize losses" actually, IIRC now, that was "nationalize losses" - meaning, let us (fat cats) benefit when we make big profits, and le

>"privatize profits, socialize losses" actually, IIRC now, that was "nationalize losses" - meaning, let us (fat cats) benefit when we make big profits, and let the public suffer when we make big losses - by making the government support / prop us up financially through acts / things like TARP. mea culpa.