Question by james T: Do we need another FDR to save the Banks?Its official the worst banking crisis since the great depression?
A fews month before FDR was president, every bank in the nation failed.Its unanimous he Reversed the 1933 Banking Crisis.Hes the reason we have the Federal Deposit Insurance Corporation. He openeded Federal reserve banks in 12 cities, created the security exchange commision. The reason we are having problems today is because of Securitization in structured finance he actually created reforms in this but Truman deleted this component of reform.I like Truman, but he wasn’t as savvy about Banks as FDR was.FDR is the greatest president ever not because of war because he saved our banking system with reforms…..

Do we need a new FDR?

Best answer:

Answer by labowu
Are you’re asking do we need a President with intergrity, courage, foresight, and wisdom? Of course we do. They’re just hard to come by.

Know better? Leave your own answer in the comments!