Seriously, why have the banks private if at the end of the day the government pays the bills? First it was SVB in US now its Credit Suisse in Europe which got $55 billions in Swiss government money. Like why not just nationalize them by this point if the public ends up paying for them anyway? Same goes with any other industry that gets bailed out, whats the point of them being private if they take public money?
Seriously, why have the banks private if at the end of the day the government pays the bills?
First it was SVB in US now its Credit Suisse in Europe which got $55 billions in Swiss government money.
Like why not just nationalize them by this point if the public ends up paying for them anyway?
Same goes with any other industry that gets bailed out, whats the point of them being private if they take public money?