Roosevelt told the U.S. public on March 12, 1933, in his very first "Fireside Chat." Fast-forward 90 years, and the current president and the FDIC are again working to convince citizens and ...

About the author: Karen Petrou is managing partner at Federal Financial Analytics and the author of Engine of Inequality: The Fed and the Future of Wealth in America. In 1933, President Franklin D.

The Bureau’s lawsuit alleged that FDR required consumers enrolled in its debt-settlement program to deposit money into dedicated accounts with an FDIC-insured bank and informed consumers that it ...

But "other factors" were some things that FDR did. His bank holiday may not have been the best way to handle the crisis, but it handled the crisis, and ended the disastrous second banking panic.