“It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.’’ – Peter Wallison in Kevin Hassett’s column.

And:

In 1936, anti-Fascist historian Gaetano Salvemini wrote in his Under the Axe of Fascism that Mussolini’s regime subjected the tax-paying citizen to corporations because, “the State pays for the blunders of private enterprise… Profit is private and individual. Loss is public and social.” (Hat tip, Gormogons)