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Comment by avs733 | Hacker News Reader
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avs733
·
Anarchist Profits And Socialized Losses
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unknown_apostle
·
Explain to me how getting back some 5% of what you're owed, when they recovered 80% of it, is "socialized losses"?
Also explain to me how this is similar to 2008.
avs733
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well for starters it was a joke not a serious argument.
cjbenedikt
·
Not entirely new. 2008? Profits to the banks losses (bail-oiuts) to the tax payer
avs733
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I was trying to play off the phrase 'privatize profits and socialize losses' from that time period.
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