Fed provided $1.2 trillion in loans to big banks

“The U.S. Federal Reserve mounted an unprecedented campaign to head off a depression by providing as much as $1.2 trillion in public money to banks and other companies from August 2007 through April 2010,” reports Bloomberg News.

The staggering amount far surpasses the $160 billion given in public bailouts to large banks after the 2008 housing market collapse.

How much is 1.2 trillion?

Denominated in $1 bills, the $1.2 trillion would fill 539 Olympic-size swimming pools.