[B]oth on the right and on the left, the nationalization of banks in insolvency is seen as inescapable and/or desirable, without questioning much the social costs of nationalization, especially when the latter are conceived as transitory actions with the future reprivatization of the same banks in mind. Toxic assets to the State, i.e., to the collectivity, good banks to private interests! This is the usual song and dance: socialize losses and privatize benefits.

Christian Marazzi, The Violence of Financial Capitalism, translated by Kristina Lebedeva