Every so many cycles in business there's a scare or what may be termed a panic in industry. It happens when institutions like banks have over lent or overspent. The tough part is either the government, or some other financial institution must come to the rescue. With every high and low there comes a time when an absolute recovery is necessitated by the decisions and guide of the Reserve.
Remember when the banks were having a tough time just a few years ago? This was when Chase bought Bank of America thereby preventing utter collapse. And in other cases the government had to step in. Whether the need for bailout was due to poor leadership or not it's still remarkable that people, residents of the United States, don't get to have funding in the millions shore up a life where it's hard to get by.
Neither is everyone rich, nor are they going to be wealthy any time soon. The key in this is the fact that there will continue to be the need for workers, investors, and others who can leverage a service or financing for future funds. Face the fact that everyone, in some way, lives on a fixed income. This means that there is only so much money available to spend without going broke. Bailing out the banks called for using money which could have been earmarked for regular people to have and use.
It seems dim, but people are not any better off today than they were the year or two preceding the bank bailout. This fact points the way to self-sufficiency instead of relying on other sources to provide a means to get from under things like fees or perhaps increasing gas prices. Standing firm in the face of economic disaster has to happen. The best way to look at the banking situation is to understand that at its worse the government will come to the rescue, and at its best the government will prevent any and all crises.