The Fake History of the Depression

As I understand it The Great Depression really began not in 1929 but late in 1930, when bank failures, particularly the Bank of the United States, started to effect everyone, not just those in the stock market. It is my view we would be much worse shape today without the FDIC in place because the same thing would have happened in 2008 and 2009, and a huge panic, much worse than we've seen, would have already taken place.

Others may disagree, and debate the value of the FDIC as a government program, or suggest better ways to provide the same security, but that's how I things as they are right now.

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