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On today’s episode, the McFies discuss the staggering 16.8 trillion dollars the U.S. government has spent bailing out major banks since 2008. This figure highlights the reality that banks didn’t lose their own funds—they lost their depositors’ money. Understanding the scale of these bailouts gives a new perspective on the financial system and how taxpayer dollars support large financial institutions.
Tom and John also bring some visuals into play, illustrating what 1 trillion dollars actually looks like. These comparisons help make sense of numbers so large they almost feel abstract. Seeing this amount broken down visually shows how monumental these bailouts have been and why financial security matters for everyone.
Key Takeaways:
See one example here: http://demonocracy.info/infographics/usa/us_debt/us_debt.html
Also discover what you can learn from the Banks to protect YOUR money the way the Banks protect THEIR own money.