Greek Tragedy ( Capitalism in crisis....again! )

[BethK]

Capitalizing the profits and socializing the losses is what Barry Ritholtz calls a "Bailout Nation" in his book, _Bailout Nation_ It is available at various bookstores. I got the copy I read from the public library. You can read about it at it's site http://bailoutnation.net/ "Bailout Nations" are neither capitalistic nor socialistic, but an absurd combination of the two. The concept of "too big to fail" figures in, so the extremely wealthy who own controlling interests in these "too big to fail" corporations get money to stay afloat, including paying their management huge salaries and even larger bonuses - "business as usual" for them - and the middle class and working poor fund these people and companies that have made bad decisions.