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Add comment on:European Bank Socialism
The motto "Too big to fail" frees the financial sector from all chains. In the future, the banks will not have to assume any liability for taking irrational risks. Instead they can commit fraud without limit-in a system that already leads us to the brink and creates millions of unemployed in Europe alone. In return, banks can pay out tax-subsidized bonuses. The bank debts in the EU are much greater than the state debts. Banks must be allowed to go bankrupt instead of being supported with public funds when they commit fraud.
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