4 ms·
> This is a partial cost of nationalization without any of the benefit As the phrase goes (something like): "privatise the profits, publicize the losses"
by bodge5000 1y ago
> This is a partial cost of nationalization without any of the benefit
As the phrase goes (something like): "privatise the profits, publicize the losses"
- chii 1y agoexactly. Bailouts needs to have an equivalent equity loss for the investors (aka, gov't takes the equity equivalent to the bailout amount, in addition to any loan conditions like interest etc).