Federal Reserve Spent Paltry Sum on Bank Bailouts—Only $29 Trillion

altThe Federal Reserve devoted $29 trillion—twice the value of the total U.S. Gross Domestic Product—to bailing out banks. It is sort of beyond comprehension, and makes one wonder if the nation could put its collective energies toward resuscitating the self-bankrupted (and society-bankrupting) banking sector, imagine what this country could do if it devoted comparable dedication to building, financing, and boosting the nonprofit sector.

Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
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