Ask three people their opinion of the U.S. government’s bailouts during the 2008 financial crisis, and you’ll likely get three different answers. … In 2012, then-President Barack Obama claimed the government got back ‘every dime used to rescue the banks.’… As for who directly benefitted, Lucas found that the main winners were the large, unsecured creditors of large financial institutions. While their exact identities have not been made public, most are likely to have been large institutional investors such as banks, pension and mutual funds, insurance companies, and sovereigns.
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