Now let me get this straight...The banks make crap investment decisions and the taxpayers, in all their various forms have to rush to bail the banks out or it will be the end of civilisation as we know it.
Joe and Josephine Public make crap investment decisions and go bankrupt with all that entails.
Back in the old days the various factions of the left routinely called for the nationalisation of the banks as an answer to every economic crisis and were routinely denounced as nutters for doing so. Now, in practical terms, nationalisation is exactly what many western governments are effectively engaged in..
Strange days indeed.
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Did you know that the collective noun for bankers is a wunch. A Wunch of Bankers.
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