You have to eleborate , how was wall street bailed out?
Some companies were bailed out , some stimulus checks were given to pepole. I dont see how this is wall street bailout.
It wasn't, not
yet. Banks were well capitalized heading into this, sitting on record amounts of cash. However, there are millions of people currently missing mortgage payments and defaulting on credit cards and other loans as we speak. It's hard to say how quickly those cash reserves will be eaten through in some of the darker economic scenarios.
Remember, when the housing crisis hit in 2007, it took a year before the bottom completely fell out and Congress passed the TARP bailout. The same thing could be happen this time around. Maybe 2021 will be the year of the bank bailouts.