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A comment on Why Italy Could Be the Epicenter of the Next Financial Crisis. Parent comment

Re:Why Italy Could Be the Epicenter of the Next Financial Cr... by andrepd on Sunday October 14, 2018 @08:17AM (#18212542)
>but to bail out investments by German and French banks. So, basically a transfer from the European tax payer to some banks.

This is what gets me. What is an "investment" after all? Some amount of potential profit with some amount of risk. If the risk just gets eliminated (win: keep the money, lose: taxpayers cover your losses) then what the fuck kind of game are we playing?

I want in too! I want to go to the casino, if I win I keep the money, if I lose people I will pick everyone's pockets until I'm in the green again.

[ Parent | on HN ]
Re:Why Italy Could Be the Epicenter of the Next Financial Cr... by kamaal on Monday October 15, 2018 @04:49AM (#18218292)
If you want to play that kind of the game, you better be friends with the casino boss.

In short, here you better be friends with the politicians, so that you can be bailed every time you need them. That doesn't come for free either, when you are winning you need to share some spoils with them.

[ Parent | on HN ]