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Super_Cyan · 3459 days ago · link · · parent · post: How true is the statement "Privatise the profits and socialise the losses" regarding banks?
It's possible to argue that the 2008 bailout was a manifestation of that idea. When the banks were making profit, everybody didn't get some money in the mail or anything. Hell, they didn't even really get a break on bank fees or anything. However, when they started failing the government bailed them out, and that money came from taxes, which were a collection from the people.