I share your distrust, and I’m still pissed that there weren’t more serious consequences for banks after the 2008 bailouts, but that literally can’t happen with Vanguard. Vanguard has over 10 trillion dollars in assets under management. The entire US budget for 2024 was 7 trillion. The only way the government could bail them out is printing trillions of dollars, which will lead to hyperinflation, and nobody wins in that scenario.
I share your distrust, and I’m still pissed that there weren’t more serious consequences for banks after the 2008 bailouts, but that literally can’t happen with Vanguard. Vanguard has over 10 trillion dollars in assets under management. The entire US budget for 2024 was 7 trillion. The only way the government could bail them out is printing trillions of dollars, which will lead to hyperinflation, and nobody wins in that scenario.