If they did not bail out the banks, and let the ax fall, it would have fallen on their necks once the people figured out what was going on.
They just kicked the can down the road.
I’ve been saying it for years- the government should just loan itself $30 Trillion dollars, payable in the year 3000.
It would achieve the same effect
Solution: Allow 13 year-olds to put in 100% of their fast food wages into a ROTH IRA. That’s 5 years to save while their parents are paying the bills. At age 18 that’s 40+ years to compound the interest/investments. When it hits $500K eliminate all deductions and let the IRA grow to a million. A nation of millionaires. They can even join the military for 3-4 years and get a few $k’s bonus for their IRA. Being young is their best friend. Young women can then walk out on abusive spouses.