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Saturday, November 22, 2008

FDR's Fireside Chat with the Nation

During the height of the Great Depression, when scarcely a bank was open for business, FDR addressed the United States. His entire speech is available as a podcast on the FDIC website.

Though the current financial crisis is a walk in the park compared to the Great Depression, some of the key ingredients; i.e. irresponsible lending, speculation and lacks oversight, are the same that have caused the current financial crisis.

Fireside chat link obtained from Daniel Gross's column on Slate

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