Comments by "Ash Roskell" (@ashroskell) on "Richard J Murphy" channel.

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  3.  @Eimost  : Yes, I get the idea, but just don’t get how that works in practical terms. When can you cash a bond, for instance? There must be restrictions, or the former owner could just cash them all on the day of the forced sale, forcing an instant purchase. Why wouldn’t they? In the hopes that their bonds go up in value? What does that depend on? The value of the company they just divested themselves of, or interest rates, or some other mechanism? This guy may well be 100% right in his assertion, but he sure as hell didn’t explain how any of the important aspects of it works. He left so many logical questions unanswered (at least from a layperson’s perspective) that I was left very distrustful of him as a source. He might as well have said, “The tax payer doesn’t pay for it, ‘cause the computer says no.” And that’s leaving out all of the other real world costs that are discrete to each case. Like when a water company’s pollution gets so bad that people start suing the water board for deaths or injuries and fines have to be paid. If we nationalised the water companies, which I strongly believe we should, where does that money come from if not the public purse? Each industry can be accused of real world harms for which the former companies would be responsible. Now, you may be able to answer all of my questions and the many more that I have (most of them more obvious than legal wranglings over settlements) but that still leaves the question: Why didn’t he? All I heard was, “2 + 2 = 3, because it just does.”
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