Thread: Election 2019 - Week 2
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Old 18-11-2019, 12:58   #167
OLD BOY
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Re: Election 2019 - Week 2
Quote:
Originally Posted by jfman View Post
The banks/the banking system. It’s once and the same. Financial speculators creaming off profits from gambles year in year out then walking away when it all goes wrong.

The taxpayer (ironically) foots the bill having suffered the inflationary effects of the loans being issued in ten first place!
You seem to conveniently overlook that investors lost out too, big time. The banking crisis affected most people, one way or another.

---------- Post added at 12:58 ---------- Previous post was at 12:54 ----------

Quote:
Originally Posted by jfman View Post
Thanks for proving my point.

Privatise the profits and nationalise the losses. These companies position themselves as “too big to fail” thus the state has to step in. As with failed train operators.
Yeah, the communists of past regimes thought that, too. It didn't help the poor. Instead, it impoverished everyone. And investors ran a mile, so there was little money coming in.

Not one of your better ideas, jfman.
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