15 () posted 244 days ago by BuckeyePatr1ot 244 days ago by BuckeyePatr1ot +17 / -2 21 comments share 21 comments share save hide report block hide replies
And sometimes they let the smaller banks fail to further consolidate power. But not all at once, it's managed
Yes, part of what made the bank failures during the Depression so bad, was the insiders knew which banks would be saved by the feds and which wouldn't. If you had your $ in a bank that wasn't propped up, you were hosed.