The victor gets to write history, and that is precisely what the LEFT did with FDR and the New Deal. You will never be an accurate analyst unless you accept
When it was established in 1933, some 4,000 banks had closed in the first few months alone. The FDIC is relying on one of its main tools deposit insurance to prevent more banks from failing.
The FDIC exists to help the banking system cope with exactly the type of crisis we're now seeing: When it was created in 1933, some 4,000 banks had closed in the first few months alone.