Banks were insolvent in 2008, in lieu of them facing the natural consequences of the free market (bankruptcy) the banks were given nearly $2T of tax payer money

Banks were insolvent in 2008, in lieu of them facing the natural consequences of the free market (bankruptcy) the banks were given nearly $2T of tax payer money which the banks used to consolidate through acquisitions/mergers (Chase acquired bear sterns and Washington mutual; BOA acquired Merrill lynch and countrywide; Wells Fargo acquired Wachovia) and tax payer funds paid for years and years of bank foreclosure cases (most of which were done using fraudulent bank documents). Literally the banks couldn’t afford to foreclose on the homes secured by toxic loan and tax payer funds went to foreclosing on tax payers. If the banks were in trouble again, government would bail them out again with tax payer money to the detriment of tax payers. Just like the government did last time they would sweep people under the rug by removing them from unemployment numbers and pretending they never existed.