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Sure terms aside, someone still pays the consequences, just not necessarily the rich.
by mgh2 1y ago
Sure terms aside, someone still pays the consequences, just not necessarily the rich.
- nocoiner 1y agoThe rich bank depositors in Cyprus got pretty, pretty wiped out when they bailed-in the banks after the banking system collapsed. Lots of them were Russian oligarchs stashing funds abroad, so my sympathy for them is extremely extremely limited.
- mgh2 1y agoNot sure if they were completely wiped out, may be just a fraction of their wealth that did - ex: their insurance policy. The working and poor class have less room to cope for disasters.