this post was submitted on 05 Jan 2024
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[–] Aux 5 points 10 months ago (1 children)

That's what usually happens in Europe. Companies get bailed and either restructured or nationalised. But muh fridoomz!

[–] greencactus 3 points 10 months ago (1 children)

Mh, not necessarily. After 2009, many banks were just saved and not a lot else changed. Although admittedly, banks too big to fail have special monitoring and are subject to extra harsh rules, but they weren't broken up.

[–] Aux 2 points 10 months ago (1 children)

Parex failed, got bailed and nationalised as Citadele. Touche.

[–] greencactus 1 points 10 months ago

I didn't know about that one, thank you. I guess good examples are there, and I'll keep it in mind now :)