Did you forget about AIG and Merrill Lynch? BoA was "strongly encouraged" to buy Merrill. And the Fed just loaned AIG a boatload of money. All the banks got

Did you forget about AIG and Merrill Lynch? BoA was "strongly encouraged" to buy Merrill. And the Fed just loaned AIG a boatload of money. All the banks got loads of direct (via capital infusions) and indirect support (the "Fed put" on steroids). The owners of bank equity did fine while the working class got screwed. This is the environment the millenials started their investing opportunities in. That the game is rigged was made explicit early on in most millenials' investing career.