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A comment on Real-time market monitoring finds signs of brewing U.S. housing bubble. Parent comment

Re:Real-time market monitoring finds signs of brewing U.S. h... by chii on Thursday March 31, 2022 @11:46PM (#30874969)
There's not been a run on banks since the Fed's existence. The country needed a "Fed" - you can only say that they're unneeded because you have not experienced a time when they didn't exist and bank deposits couldn't be secured.

It's like people who ask why they need to be vaccinated for polio now that there's very few cases of it.

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Re:Real-time market monitoring finds signs of brewing U.S. h... by notch656a on Friday April 01, 2022 @12:02AM (#30875051)
>There's not been a run on banks since the Fed's existence.

False, false, and false.

"Despite the creation of the Fed, a wave of bank runs resulted in massive bank failures over the period 1930-1933."

https://sgp.fas.org/crs/misc/R41887.pdf , pg. 9

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