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?
It depends, the covid19 crisis has exposed the weakness of governments and the economy in general just to deal with something that should not have been that difficult to overcome, it is true many people died but it is not like we were affected by the bubonic plague or anything remotely close to that, and the worst part is that this really scared people so I do not think the consumer spending will recover soon making even more businesses risk bankruptcy in the future and at that point more bailouts will not solve the problem.