I received a message from a friend today who has been investigating the banks who received money from the 2008 bailouts.
According to him and his research, the banks receiving the most money in bailout funds are banks who have deposits from wealthy individuals.
Basically he is saying that a big proportion of America's bailouts of the financial system has to do more with protecting the wealth of individual investors and not with protecting America's financial system.
I haven't heard this idea before.
Could this be true?