2 ms·
>There's not been a run on banks since the Fed's existence. False, false, and false. "Despite the creation of the Fed, a wave of bank runs resulted in massive
by notch656a 5y ago
>There's not been a run on banks since the Fed's existence.
False, false, and false.
"Despite the creation of the Fed, a
wave of bank runs resulted in massive bank failures over the period 1930-1933."
https://sgp.fas.org/crs/misc/R41887.pdf https://sgp.fas.org/crs/misc/R41887.pdf , pg. 9