3 ms·
> A bank loses this kind of money, they get it back for free. Customers lose that kind of money, they get it back for free. Socialising losses is an annoyingly
by claudius 13y ago
> A bank loses this kind of money, they get it back for free.
Customers lose that kind of money, they get it back for free. Socialising losses is an annoyingly common theme in ‘capitalist’ countries; unfortunately, it is politically infeasible not to bail out failed banks.
- shpxnvz 13y agoLet's not forget that in neither case is it 'free'. The public foots the bill in both cases.