It’s not the government which is causing the debt & bailing out a large financial company before it kills the economy is a great idea, although the government should take over it, bullshit claims of communism be damned, since they’ve paid for the damn thing
All the banks/financial institutions have been acting stupidly … insuring against losses on the stockmarket … handing out insurance for losses on the stock market, compounded by handing out $$$ to people which couldn’t be trusted to give you back a fiver borrowed last week.
A lot of inflated bravado has been seen as investors gamble on stocks, hoping for a huge payout, but buffered if they fail, thanks to the insurances - If you’re immortal, why not dive off a cliff, just in case it’s lots of fun
It’s like taking insurance out on a $5K bet that the dodgers are gonna win this week … but it gets worse … you don’t lose either way, so might as well make it $50K … and the bank foots the bill, and you personal loss is only $5K … but the potential win could be huge.
A good contributor to the stock markets decline is because much of the money being thrown around doesn’t actually exist … ever … but people are pulling it out now … because the stock market is declining.