It worked out rather the other way around, though, did it not? Namely, the consequences of the risks taken by the big banks in pursuing aggressive lending policies were effectively socialized, while profits remained private. Even in the case of the large sovereign bailouts (most prominently Greece) most of the money went directly towards debt servicing and associated expenses, further socializing risks taken by private banks.
I'm not expressing any value judgment on these decisions in this post, but it seems to me the basic terminology is hard to dispute.
I'm not expressing any value judgment on these decisions in this post, but it seems to me the basic terminology is hard to dispute.