Is the stimilus money going to banks paying for our deliquent credit card accounts?

Why are the banks getting stimulus money? Is that to cover for the credit cards accounts and student loans which are delinquent and faltering due to the economic downturn? After all when an account becomes delinquent, the bank can claim it as a loss. So when we do pay it, don't we pay double, firstly with our cash and secondly with federal taxes? And the bank receives it twice? (Not counting the interest).

1 month ago - 1 answers