Not all sat idle. Most was not loaned to consumers but to corporations who used interest free loans for stock repurchases which drove stock prices up but did nothing for the economy. Then, to protect profit margins workers were laid off. Still happening now.

Issues unite, names divide

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store