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Joined 5 months ago
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Cake day: February 6th, 2024

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  • My statement was false, appreciate calling that out. Rather it should state that they took moves to support the return of private banks rather than use it as an opportunity to increase public banks.

    Faced with the economic suicide of capitalism, President Roosevelt’s New Deal worked to save private bankers rather than expand the Postal Savings System. Federal deposit insurance (FDIC) also helped shore up disgraced bankers and gave the public more confidence in banks