Would you consider the opposite scenario which happens far more in the real world, that is that banks being bailed out for their own stupid mistakes because “there too big to fail” a socialist policy? Was the Qantas lifeline of 2 billion by the Morrison government during Covid justified, mind you this was also while qantas laid off 100s of workers. The lifeline given was not binding by the Morrison government, which it should have been. I wonder as someone opposed to quote ‘socialist polices’ what ever you define that to be are you also opposed to socialism for rich, which is the case in our society. Stricter regulations is needed in the banking sector, those scammed should definitely be recompensed. The banks can’t have it their way, taxpayers are expected to pay their failures but they don’t take responsibility for their failure and yes this is failure on the banks part not those who were scammed. Blaming the victims is always easy because it requires no critical thinking.
WBC Price at posting:
$22.09 Sentiment: Hold Disclosure: Held
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