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Originally Posted by woj
you are looking at this wrong, there are people on both sides of the equation, "businesses" is just the way it's structured...
to over simplify a little, there are people that saved up some $$ ("savers"), and they lend out that $$ to others... but instead of lending it out directly, they buy into some for example "municipal bonds fund" run by some "business", that fund then lends the $$ that "savers" saved up to municipalities like Stockton California...
so now lets see, the people of Stockton California lived beyond their means for decades, elected officials who did nothing about it... and now when shit hits the fan, the "savers" who lent them $$ who probably never stepped a foot in Stockon California should take a hit for it?
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Of course, the one REALLY big difference between private business and government, is that government can come take your money by force. Business can only try to persuade you to deal with them....
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