It's possible that the government had to make sure that the Coronavirus would take hold in the US first. Otherwise the Fed would not have had a sufficiently good excuse to justify their $1.5 trillion cash injection into the financial system.
Speculation is better than silence because there are gaps in the system which can easily be exploited by institutions to serve their own interests.
All hidden losses from the past 4 years will be booked in the Coronavirus quarter and then it is bailout time again.
Other countries will also follow suite. But it's good to see that countries like Australia are doing cash injections the right way. In the Australia, they did a much smaller AUD $17 billion cash injection but they gave money to senior citizens instead of big financial institutions.
Welfare is meant for the poor and vulnerable, not for the rich.