[andrepd]

> Basically, liquidity goes to the banks. Anyone having a relationship with banks gets access to this liquidity and benefits.

Ding ding ding. This is a key issue. If you want to bail out the economy, you need to do it to increase aggregate demand, and therefore the best way to do this is to give money directly to the people. The programs in place since 2008 (1) benefit people with capital (2) leave the poor and the working class in the dust, and (3) are paid for by milking the taxpayers directly, or indirectly through inflation.

Banks are leacherous middleman in normal operation. Theoretically they are providing a valuable service of evaluating risk and allocating capitable to the most profitable ventures. But in practice the incentives are totally misaligned, since they do not get accurately punished/rewarded for doing a shit job. Not to mention old-fashioned corruption, understood as giving undue benefit to a party/parties due to their personal connections.