A financial crisis is just one aspect of the coronavirus, it is firstly a biological crisis, it is an economic crisis as people are being told to stay home and businesses are forced to closed, and there is the growing possibility of a social crisis as people are placed under greater pressure and stricter measures as the pandemic worsens. The 2008 recession was addressed by bailing out many of the failing financial organisations that led to it, and coming up with a money printing playbook that artificially inflates markets to ridiculous degrees to ride out a financial crisis. This is what is happening again with Trump’s $2.2 trillion stimulus bill, making a full financial crisis unlikely, however just like 2008 this is a massive expansion of Wall Street corporate hegemony, effectively giving trillions in free money to corporate power to invest and consolidate after the crisis.
The global finance markets are U.S. dominated, and the 2008 financial crisis was caused by the deregulation of financial services that led to a collapse of the American subprime mortgage market causing a domino effect that went global. This crisis was addressed in the US through programs such as TARP (Troubled Asset Relief Program) in which the government purchased toxic assets to strengthen the financial sector. However a large amount of this money found its way to government lobbying expenses and campaign contributions, while a significant amount paid executive bonuses. Likewise this bailout will cause the majority of money flow upward targeting large businesses and corporations, the companies best suited to surviving this economic crisis, while giving small provisions to small businesses, healthcare, and individual taxpayers.
Trump and congress are using this health tragedy to profit their corporate donors, while ignoring the very real health crisis and possible social crisis the pandemic is beginning to lead to. Hundreds of thousands of people will die in the bigger picture here, but the reaction of America's leadership is the same as the Great Recession, to make it easier for the Federal Reserve to bail out Wall Street and banks. In this way the US government are bailing out the people that need it the least, while average citizens get 12-hundred dollars, and the government fails to meet the need of the pandemic. This can only end in greater instability in the US, economic crises may be averted, but the sick system that the US economy is looks set to become even more unequal.