Hacker News new | ask | show | jobs
by MomoXenosaga 1862 days ago
The government is an institution and they lost money. Entire banks were nationalised in a single night.
1 comments

Banks mean nothing. They shiftet their assets to other banks and nationalized mainly the debt. As a consequences they cut pensions, cut benefits and raised taxes on the middle class. The top 1% was spared and saved and got even richer in the crisis.