[bosswipe]

The problem is when everybody takes a hit except the "too big to fail" banks. That's what happened in the last financial crisis, the government bailed out only the big banks by buying their toxic loans at face value. When Obama tried to also bail out individual homeowners it sparked the Tea Party backlash and he pretty much backed off on those plans.

[yostrovs]

You're twisting history. The tea party backlash was to the bailing out of banks.

[jnwatson]

You misremember. [1] has the video on CNBC that started the Tea Party.

“Yesterday Rick Santelli, who reports from the floor of the Chicago Board of Trade the for CNBC, unleashed a rant against Obama’s newly announced housing bailout plan, intended to help some homeowners refinance mortgages and avoid foreclosure.”

1: https://opinionator.blogs.nytimes.com/2009/02/20/rick-santel...

[CydeWeys]

Their main issue was being pro-austerity. Most of what they focused on was cutting funding for Social Security, Medicare, Medicaid, and other social services. They wanted a smaller government at all costs (though curiously they never called for reducing military spending).

Occupy Wall Street, on the other hand, was the group that was specifically against bailing out the banks. The Tea Party was more about not helping regular people.

[bosswipe]

The spark for the Tea Party was a viral rant by CNBC's Rick Santelli against a program to help individuals avoid foreclosure. Look it up.