What's currently happening actually pisses me off more. People bitch and moan about poor people getting handouts, but it's middle class homeowners who really get all the handouts. They already get tax subsidies out the wazoo, now they're getting 6-12 months complete deferment on mortgages (probably more coming down the road too) while poor people at best are racking up debt if they can't pay the rent. Not to mention the insane overpayments for unemployment benefits.
The primary reason the Fed is propping up the stock and housing markets is to bail out the middle class, whose entire net worth is generally held in their house and the stock market via retirement accounts. It's not just for the rich. It's to entrench and secure the wealth of everyone but the working class and poor, who don't own anything. The system is set up to subsidize capital and property owners, same as it ever was. Let's not pretend this is about the 99% vs. the 1%, or bankers vs. everyone else.
That's ridiculous. You think the middle class is reaping all the benefits of bailouts? The middle class owns comparatively very little of the assets that are being propped up by the Fed. When the Fed props up the stock market, guess who gets the gains? The rich. The top 10% own 84% of the US stock market:
https://money.com/stock-ownership-10-percent-richest/ The idea that the Fed is bailing out the middle class is pure fiction. It's about the rich. Always has been, and certainly still is.