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I think maybe the difference with the banking crisis...
Posted by Ov
on August 9, 2022, 11:11 am, in reply to "Its obscene
...and I'm by no means an expert, is that letting banks fail could have made things a lot worse? i.e. it becomes a systemic problem.Bank runs and the like. Not saying that wouldn't have been better in the long-run, I really have no idea, but I think there was some logic there even if it was flawed.
In this case, finding a way, somehow, to use some of those absurd war-fueled energy company profits to subsidise bills just seems so obviously the morally right thing to do that it makes my head hurt.
and its just like the banking crisis
the people pay, whilst the companies maintain profits
Record profits for energy companies, and people will die this winter through lack of heat and food
Government must be banking on a mild winter, because their voters are the most vulnerable group.