Quote from: Mauser on Today at 08:37:25 AM

Quote from: StonksStonksStonks on August 25, 2020, 04:35:59 PM

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.

For now. Banks were well capitalized heading into this. Staying that way is dependent on mortgagees (including landlords, who are dependent on rent being paid) staying solvent. This is why it was so important to immediately bail out homeowners with expanded forbearance and deferral options. I can't figure out exactly how these programs are being funded. Most likely the government is or will be taking on toxic mortgage assets from the banks.