The G-Word "Money"

100 years ago, what would happen if your bank failed?

• The banks insurance company would cover your lost money

• You would just lose it.

• You could pull your money out before it failed

• Nothing at all.

What does FDIC stand for?

• Fiscally Distanced Intrustment Cooperative

• Financial Dollar Incentive Collective

• Federal Deposit Insurance Corporation

• Fancy Doors Include Closures

How much are banks insured for by the FDIC?

• 250,000 Dollars

• 1,000,000 Dollars

• 100,000 Dollars

• 3 dollars

What does the FDIC do when a bank fails?

• Arrest the bank managers.

• They just let it fail.

• They step in and find a buyer for the failing bank so transactions are not interrupted and no one notices a change.

• The make the bank government owned and operate it.

What did the government do financially when COVID-19 hit?

• They provided bailout money, stimulus checks, small business loans.

• Nothing at all.

• They gave everybody 500,000 dollars.

Where does the government get the stimulus money?

• The average american

• Banks, other countries, corporations

• Rich tax payers

Can the average American trust the government to bail them out in a financial crisis?

• Completely!

• Not really

Why did the day care have to close?

• They were bad at running the day care.

• They were denied PPP loans

• COVID-19 outbreak at the day care.

Who got most of the PPP loans and bailout money

• Mostly big banks and large corporations

• The average American citizens

• Children

Which communities got most the the bailout money.

• Rich white communiteis

• Communities of color

• immigrant communities