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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (41725)3/9/2010 12:34:00 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
Re: [We certainly CAN. It is *not* an impossible task to prevent Private Profits and Socialized Losses from holding sway.] "Two different issues. Preventing them from blowing up is not the same as preventing socializing the losses."

But it RESULTS in that effect.

It is the way to PREVENT the passing along of massive losses to the taxpayers when those risky gambles blow up, (as they periodically must), in the faces of the gamblers.

It, "Too Big To Fail", is the ROOT CAUSE of the problem of "Private Profits and Socialized Losses".