Emergency banking act..deja vu? | WHAT REALLY HAPPENED


Emergency banking act..deja vu?

Does this incident sound familiar?

The Emergency Banking Act was introduced on March 9, 1933, to a joint session of Congress and was passed the same evening amid an atmosphere of chaos and uncertainty as over 100 new Democratic members of Congress swept into power determined to take radical steps to address banking failures and other economic malaise. The sense of urgency was such that the act was passed with only a single copy available on the floor and most legislators voted on it without reading it.

http://en.wikipedia.org/wiki/Emergency_Banking_Act

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