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But it amounted to yet another giant socialization of risk and to a dubious precedent.
It was what some economists have called the privatization of profit and socialization of risk.
And in any case, bank debt is cheap because of what you might call the socialization of risk, particularly with the big banks: debtholders are willing to lend money cheaply to them because they think they're too big to fail.
With the IMF moving in, you have a socialization of risk, with taxpayers underwriting investors.
Bailout capitalism is crony capitalism: the marriage of the socialization of risk and the privatization of profit.
The problem has been over-regulation and the socialization of risk, both of which are manifested in an incredible level of government micro-management.
Similar(53)
As a Free Marketer, you should know that the political prospects for overturning socialization of risks and costs in health (Medicare and Medicaid), financial hardship (Social Security) and Veterans benefits (VA and pensions), is not politically achievable.
"The financial largess of the central bank will awaken lasting covetousness and lead to a socialization of risks," he said in the interview, which was published on Sunday.
The popular term for these types of activities might actually be "socialization". We talk about socializing problems and challenges and even about the socialization of data.
Others may need the help of early risk-takers and success stories before being able to individually adapt to the socialization of content.
But hope remains if we change course and embrace the socialization of higher education.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com