It's nothing new.
The banks and savings & loans got bailed out hugely before that in the early 90s.
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
"The federal government ultimately appropriated $105 billion to resolve the crisis. After banks repaid loans through various procedures, there was an estimated net loss to taxpayers of somewhere between ($123.8–132.1) 124 and 132 billion dollars by the end of 1999."
$200+ billion in today's dollars.
What happens to all that money? Some goes into the banksters' pockets and most goes back into the economy to keep things moving.
Without such an action you'd have serious Great Depression. So it's bad medicine but you have to take it.
Lol the problems weren't dealt with. There was no medicine, there was a bandaid over a gunshot wound. How much value does the money lose before it reaches the common person? It's eaten away at through inflation. We always pay more and more for less and less. Less of us can afford a home, to raise a family., feeed kids, go on a trip etc...
We are in big trouble and there is going to be serious lasting pain that won't change until there a radical shift in the way the system runs today.
Too many monopolies, too many inept politicians in charge for decades getting rich, too many uninformed people watching partisan media outlets that flat out lie to them with their own vested business interests at heart.
Crumbs for the average American.
Im not asking for anyone's earned wealth to be confiscated or for a handout, just stop fucking me and lying to my face about it. That's all.
