> (Actually, I'm reading a book on the 20s-30s which says
> that when FDR was inaugurated every bank in the country
> was closed; I guess that is a bit of an exaggeration.)
No, it's true; he declared a bank holiday to prevent a run on deposits. I don't know how much this is talked about in the history books, but it had an impact on popular consciousness. My own late grandmother, who was a teenager at the time, always talked about how "the first thing Roosevelt did" when he got into office was to shut down all the banks.
- - - - - John Lacny
People of the US, unite and defeat the Bush regime and all its running dogs!