The total amount of support given to the banks was far greater than the total amount of ALL residential mortgages everywhere in the USA. Total support given in all the various ways was over $10 Trillion, while the total value of all residential mortgages is under $4 Trillion.
Support given by the government, right? That would make the government, if anything, more culpable.
total value of all residential mortgages
It's true that my previous comment applied to residential mortgages, but as I understand it, the real estate bubble was not limited to residential; it included commercial and industrial real estate as well. Certainly in my local area there has been lots of overbuilding of office and industrial space. So the correct number to compare with the total of government support given is the total of all mortgages, not just residential.
The total amount of support given to the banks was far greater than the total amount of ALL residential mortgages everywhere in the USA. Total support given in all the various ways was over $10 Trillion, while the total value of all residential mortgages is under $4 Trillion.