You mean an industry unloaded its risk onto the taxpayer? Shocking.
*An industry lobbied Congress to pass laws unloading their risk onto the taxpayer
Privatize gains.Lobbyist: We agree that “too big to fail” was bad. So, how about you take this money, and take our risk of failure, and we can be “Big with no risk of failure.”
Socialize losses.
Oligarchy playbook.