Page 122 - Fdr News Today

First time a nationwide bank holiday, to freeze the banking system in place, to finally pu a national system, a nationa response in place to shore u banking coast to coast, to giv americans everywhere assurance that they would not lose their money in the banks. >> and after that, we woul never again, as a country, wai that long for a new presiden to take over after he had been elected in november. when fdr sprang into action in march 1933, when he stopped th national banking crisis tw days after...

As president for the first time. that was also the last time we as a country would have to wait that whole four month period after the election before we let the new president take over. after we had that first inauguration of fdr, after that one we moved the inauguration date earlier, back to january. we actually had to amend the united states constitution in order to make that change, and that called that amendment to the constitution the 20th amendment, they called it the lame duck amendment ...

Confusion in terms of who was running the country in case something hinky happened in that period between the election and the start of the new presidents term so the last time we had one of those long four-month inter regnums was before the inauguration of the new president in 1943. before that it was really obvious that year in 1933 that it was pastime to make that change it was really, really obvious in 1933 that it was going to be a good idea to not wait until march anymore, to instead let a...

Warren live this hour. really appreciate that >> very excited to hear what she says about this very distressing situation. >> me, too thank you so much. and thanks to you at home for joining us this hour its good to have you here when we get a new president in this country or when we get a president re-elect for a new term, that president is inaugurated. he or someday she is sworn in to start a new presidential term in january, right thats why its always so cold january 20th is when the inaugu...

Their money out of the banks, the reason he was able to promise that today was also because of fdr two days later he took control of the banking crisis and six days later he gave his first fireside chat in which he explained the banking crisis to the american people and told them what he was doing to get ahold of it. just a few weeks after that, fdr signed legislation that created the fdic, the federal deposit insurance corporation, which does exactly what it says. if you make deposits of your o...

Havi conniptions. roosevelt won in november but wasnt able to get sworn in until march 4th. when he did get sworn in, though, he immediately took action fdr was inaugurated on march 4th. two days later on march 6th he declared for the first time a nationwide bank holiday to freeze the banking system in place, to finally put a national system -- a national response in place to shore up banking coast to coast to give americans everywhere assurance that they would not lose their money in the banks....

Catastrophe in 2008 and 2009 congress did pass a big package of new rules from the financial industry to stop this from happening again. you may remember president obama signing these new rules into law in 2010. right, you see these were rules signed into law in 2010 that made banks keep "x" amount of cash on hand, "x" amount of liquid assets so they could meet their customers demands if their customers all came in to withdraw their money, even if a whole bunch of them did it all at once just as...

>> tonight, and homes across this country, unemployment is the problem uppermost on many peoples minds. getting americans back to work is an urgent priority for all of us. and especially for this administration. >> let me assess my firm belief that the only thing we have to fear is fear itself. >> neil: you know, presidents are there when there are tragedies, great celebrations, and financial upheavals, we have seen with the concern it could spread with the latest bank situation and the rescue i...

For an american going back to at least fdr. biden so far has had the worst. with the abraham accords, president trump bought historic pres while piece to the region. but clearly right now we are seeing the united states being chased out. and we are being chased out because of policies which are totally misguided. eric: s we get former president trump of our president mike pence was speaking on this very issue this morning in washington. he addressed iranian opposition group gathering that suppor...

Of words when its useful. fdr enacted social security for the purpose of having people who had outlived the point when most people died not spending their final days in squalor. i dont think its unreasonable for us to have a public discourse around of the fact that people are living longer. we should honor the obligations we currently have but also have a conversation with those who are younger about what does your retirement situation look like? thats not crazy. i would agree its a terrible way...