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If banks can not be allowed to fail, why should the state accept private ownership of banks? The owners takes no risk if it goes bad and cashes in if it goes good.

I believe the socialist parties used to have nationalisation of banks on their agendas, perhaps for this reason. So is it a good idea, bad idea or something else?

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by A swedish kind of death on Wed Nov 28th, 2007 at 01:56:37 PM EST

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