On: Mt. Gox Bankruptcy Wasn't Really a Bust

[avs733]

Anarchist Profits And Socialized Losses

[unknown_apostle → avs733]

Explain to me how getting back some 5% of what you're owed, when they recovered 80% of it, is "socialized losses"?

Also explain to me how this is similar to 2008.

[avs733 → unknown_apostle]

well for starters it was a joke not a serious argument.

[cjbenedikt → avs733]

Not entirely new. 2008? Profits to the banks losses (bail-oiuts) to the tax payer

[avs733 → cjbenedikt]

I was trying to play off the phrase 'privatize profits and socialize losses' from that time period.