It's the Fed's fault for overreacting to COVID and leaving rates at 0% for years. That shit has permanent consequences. A whole lot of people got insanely rich from a global tragedy.
Love the cognitive dissonance of the populist backlash to Trump where even if you look at his 4 years and realize that logically he was pretty much an average (we haven't had a decent one in a loooooong time) president in all categories, he's somehow responsible for every bad in all industries, even where the checks and balances would have prevented him any influence over.