Restructuring the FED - Cantillon effect

What if POTUS restructures the FED so if a bail out occurs, it goes directly to the people and not to the financial institutions?

“Expansionary monetary policy constitutes a transfer of purchasing power away from those who hold old money to whoever gets new money.”

“The nonfinancial sectors need debt relief much, much more than the financial sector. Yet the Fed shoots off new money solely into the financial system, to Wall Street and the TBTF banks.”

“There is a way to counteract the Cantillon Effect, and expand the money supply without transferring purchasing power to the financial sector (or any other sector). This is to directly distribute the new money uniformly to individuals for the purpose of debt relief; those with debt have to use the new money to pay it down (thus reducing the debt load), those without debt are free to invest it or spend it as they like.”

https://azizonomics.com/2012/08/07/the-cantillon-effect/