Yes, but the problem of socialising the losses is that everyone including the poorest have to pay to bail out the rich while they, the poor are excluded from benefitting from the gains. And don't bother to mention that they benefit from a strong economy and rising prosperity drags them up with it, because it doesn't. This is something the rich delude themselves with. The poor have been getting poorer and the gap between rich and poor wider throughout all OECD countries for as long as I can remember.