1989 - savings and loans bailout
2008 - banks bailout
2020 - covid19 bailout aka wall street bailout
bailouts get bigger every time. But will they become more frequent?? Do we need more bailouts to bailout the aftermath of the previous bailouts?
I don't think the banks are the problem at the moment. Bailing out Wall street again at the moment doesn't seem very likely. We probably will see more support for real economy rather than for financial services. The problem is that demand and consumption dropped in the real economy. People are losing their jobs and have less money to spend, the ones that still have a job and get a regular paycheck rather save then spend their money. Didn't most banks in 2008 paid back there bailout money? I think the government even made profits on some of the loans.