Vince Cable Banking Proposal Grab

The video addresses public concerns about investments in banks, emphasizing the need for the public to benefit from any future profits when banks are privatized. It suggests that shares should be distributed to the public to ensure they gain from the banks' success. The proposal aims to reverse the trend of privatizing profits and socializing losses by ensuring public benefit from the banking system's recovery.

What does the speaker mean by 'socializing the profits'?

What is the significance of the public's intervention in saving the banking system according to the speaker?