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"Obviated by government protection" BECAUSE of their size. Thus the slogan "too BIG to fail". When big banks make money by taking crazy risks, they earned ever
by svachalek 14y ago
"Obviated by government protection" BECAUSE of their size. Thus the slogan "too BIG to fail".
When big banks make money by taking crazy risks, they earned every penny and how DARE we try to tax or regulate them. When they lose money by taking risks, we need to bail them out for the good of the free world and how DARE we ask to be paid back. Small banks do not have this attitude.
- betakappaphido 14y agoAka the privatization of profit with the socialization of loss. It's absurdity. Unless you're the profiteer.