Quote:
Originally Posted by Flame Of Liberty
Dude I always read your posts and agreed with what you wrote up until this part where I stopped reading...Private profits and socialised losses is a right wing doctrine? lmao...you can't be serious.
This is precisely what is happening - German/French/Dutch/Spanish banks going insane (lending money to bottomless pits while charging extra risk premiums and now the house of cards fell on them..correction..was about to fall on them, but the ECB came to the rescue and bought their toxic debt so now its the european taxpayer holding the bag of poo that was originally in bank's hands. This is what happened but how in the world is a right wing doctrine? A right wing doctrine would be to let the banks fall, investors will be taken to the cleaners and when the dust settles the economy (healthier) would move on.
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Hmmm, didn't a right wing US President just do the exact opposite of this?