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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Bank Failures

Bank Failures
On March 12, 1933, Roosevelt delivers the first of his fireside chats from the White House on the banking crisis. He chides the "hysterical demands of hoarders" and assures listeners "it is safer to keep your money in a reopened bank than it is to keep it under your mattress."

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By Bob Greiner  |  October 9, 2008; 1:13 PM ET
Categories:  FDR's Fireside Chats  
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