When it Came to the PPP, The Big Banks Were Too Big Not To Fail.
Be careful what you wish for because you might get it.
In 2008, the USA’s most significant banks begged and pleaded to invoke ‘too big to fail,’ which would allow them emergency government support to keep them afloat.
Then COVID-19 hit, businesses closed, and the economy froze up. The government intervened quickly and powerfully…