This is a crucial point here that I think many people miss.
2008/9 and Obama and the Fed were a watershed period. The rich had lost everything. Absolutely everything. It didnโt matter if they had โwonโ the bet like Goldman Sachs, because if I win a bet with you and you lose all your money, Iโm fucked too. The Fed and other central banks bailed them out to the tune of trillions; Obama and other political leaders immunized them from their crimes (and the entire bubble was based on fraud), and our elites then KNEW that they were in complete control and that they could do anything and the violent authorities would bail them out and protect them from their victims.
During that period, the US banks had lost more money than all the banks in all the history of the world had ever made in profit, even inflation adjusted. And they did so mostly through fraud and grift.
Instead of prosecuting those banksters, the malefactors of the whole caper, Obama immunized them, allowed them to receive their bonuses, keep their jobs, and face absolutely no consequences at all. It was the most colossal fuck-up in modern history and we will be paying for it forever. Or at least until we go extinct and there exists no word nor concept of โbanksโ any longer.
We shouldโve taken over all of those banks, tossed all of the crooks in the slammer, created community banks and institutions from their bones, and made such speculation illegal. Instead, we allowed them to rule us without restriction or repercussion, and furthermore sanctified their rule with blood sacrifice of the middle class and the poor.