P.S. I think you're confusing the stimulus package with the 2008 bailout, which money went to the big banks you mention. That didn't happen this time.
The money this time was all aimed at small businesses and the average Joe on the street.
1.5 - 2 trillion went to the prop up the markets and to the banks. Last time there was direct bailout to the banks, this time indirect. Banks now borrow at 0%, but they're still charging people 25% for credit cards. If they really wanted to bail the banks out directly, they should have suspended all interest on loans so that people could keep paying and not default. Munchkin initially wanted most of the trillions to be distributed anonymously ... which would invariably have ended up in various accounts located in Tel Aviv.
And the bigger companies are mopping up most of the "small business" money ... which are just loans for the most part that need to be repaid. When people get deferrals on their mortgage payments, most lenders are simply demanding a balloon payment as soon as the lockdown is eased.
This is smoke and mirros and yet another way for the elite and especially the bankers to loot the country.
Topic: Just Curious. Has anyone gotten a stimulus check? (Read 659 times)