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
Saturday, November 22, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment