Bailouts.
The 2008 crisis was caused by the 1999 repeal of the Depression-era Glass-Steagall Act that was required by the 1995 WTO General Agreement on Trade in Services .
Its not well known at all but the inflexibility caused by that same 1995 WTO GATS agreement is in no small part behind the health care mess today.
Trillion Dollar Bailout #2 - estimated date- 2020-2021
That is my nomination for the next trillion dollar bailout, that one will be a huge payout to the health insurance industry, for "expected lost profits" from forever, when the country, broken by health insurance costs, which add no value, finally has a change of heart on health care. However, that will be after TiSA has already resulted in the globalization of health care (and the loss of literally millions of US healthcare jobs, due to the success of the failure of the predicted manufactured crisis at the expected four or five year mark (see "State Health Reform Flatlines" by Steffie Woolhandler, Benjamin Day,
and David U. Himmelstein, International Journal of Health Services, Volume 38, Number 3, Pages 585–592, 2008
doi: 10.2190/HS.38.3.k "a national emergency" to force the (very) long planned "services liberalisation" on us- forcing wages way down. Those jobs will be awarded to the lowest qualified bidders- via a system like the WTO GPA (Government procurement Agreement) e-tendering system - or one set up by the proposed WTO Trade Facilitation Agreement for Services - Lowest qualified bidders must win so those (often formerly public) jobs in the services sectors that fail to be exempted from progressive liberalisation - The imperative to privatize will heavily impact health care ad education workers especially. GATS and TiSA's scope is identical and the main exception pointed to by its supporters is the one supposedly afforded to what they call "public services". However, one should realize when hey say that that their definition is so very narrow that it wont apply to any of the public services we think of when we say that here in the US or in virtually any other modern country. here is the text of GATS Article I:3 (b) and (c)
"For the purposes of this Agreement…
(b) 'services' includes any service in any sector except services supplied in the exercise of governmental authority;
(c) 'a service supplied in the exercise of governmental authority' means any service which is supplied neither on a commercial basis, nor in competition with one or more service suppliers."
It turns out that the definition of exempt services is so narrow because if even a single service provider exists in a country that takes money for that service, such as one chain of charter schools, or one insurance provider for money, the entire service sector is subject to the GATS and TiSA disciplines on domestic regulation, market access rules, etc.
So, millions of jobs, as soon as the next contract renewal comes up, must be put up for competitive bidding and will likely go to foreign staffing contractors - their workers holding L1 visas, all domestic regulations must be disciplined to facilitate that) so even tough the many trillions of dollars will be to foreign insurance firms and staffing consultancy firms as compensation for expected lost profits - We stll likely will not have the freedom to set up single payer, and so will still end up keeping health care unaffordable, all because of that one signature in 1995 or 2016.
Also the damage to the job market and wages will likely be irreversible. We may still have tol pay the insurance companies to leave, however, based on their past profits cntinuing long into the future, a practical if not a legal impossibility, But before that occurrs, I predict that they will extract a sum of at least a quarter million dollars from each of us. (Very conservative estimate) . Thats is a half to a third of their take over a persons lifetime. Any less would "threaten the crdibility of the system" - the system we created! So, the bailouts have barely even begun!
That was Huge Future Bailout #2
Huge Future Bailout #3 will mostly be caused by a little known planned huge energy deal buried in TTIP, which also preemptss state and local laws prohibiting fracking- also be caused by the "investor state dispute settlement" and "indirect expropriation" clauses i trade deals, this one will be caused by the desre to reverse the huge damage which will be caused by the deregulation and export of natural gas on prices and jobs and a unintended effect of the cost increase on housing availability, causing a great many families to become homless in cities with no hope of finding replacement housing anywhere nearby that they can even remotely afford, an unintended effect of the irresponsible energy chapter in TTIP and the deregulation of (and subsequent export of) our natural gas, "until its gone". (according to the Petersen Insitute the WTO GATS may also require the dergulation, so chalk another HUGE disaster up to the Clinton era GATS)
(The price it fetches is an average of four or five times higher in Asia than it is here. )
This will be the event that spells the end of the Democratic Party which will be blamed for both the previous and this bailout. Due to our support of these horrible trade deals in 1995-1998 and today.
The cost of this will be the loss of a great deal of cheap energy dependent jobs and literally almost all of our postwar era built multifamily housing, basically almost all of our middle class and working class housing in cities and communities of all kinds all across the country, much of it rent stabilized. Rent stabilization laws exist in a precarious legal argument space - justified by the questionable justice of applying an atificially low CPI to housing rents. However, landlords have a 'legal" escape valve in sudden increases in costs and they could be expected to avail themselves of it in lage numbers should the cost to heat and cool their older buildings suddenly jump up by 60% or more. (which it will) We likely would lose rent control nationally. This will drive a huge loss of affordable housing and people who lose their place to live in a city will also have to walk away from jobs and pensions and support networks built up over their entire lives. Entire communities likely will move together to some affordable rural area. But many city dwellers dont even drive, and the countryside does not have public transport. However rural communites are not prepared for or approriate for urban dwellers, uprooted from their entire lives. Its unclear what will happen but it doesnt look good. I think that politicians will be reluctant to explain the finer points of the irreversibility of TTIP and WTO investment protection provisions, etc, so there will be a widespread push to withdraw from the hated TTIP provisions to "save affordable housing" but at that point the batle will already be lost. Still, the energy companies will be bailed out for their lost investment, at a cost of again, trillions of dollars (this is despite the fact that by all accounts, the fracking part of the resources is rapidly running out- we're being lied to about that to make us more amenable to losing most peoples only source of affordable heat and an important energy backup which would remain available even after a huge solar storm destroyed the electric power grid, something that there is a one in eight chance of happening every decade (that would also cause multiple nuclear meltdowns all around the world)
Also, we are likely to see a repeat of 2008 in some way with banks due to TiSA's attempting to re-deregulate financial markets - against the advice of almost everybody with credibility, they are STILL determined to do it. What are they hiding?
= new reply since forum marked as read
. I have to laugh at that thought. They are very successful at keeping the corporations protected and it's not going to change. Changing one man won't get it done. It needs to start from the bottom up, everywhere. People have to accept that premise or nothing will change. 
