> 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.
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.