March 1933 - US Bank Holiday

Do you think a bank closing its doors  for restructuring (bankruptcy0 are impossible??

Did you know that banks have shut their doors to the public before

Take note that in 1933 president Roosevelt  through executive order had the banks closed jus 36 hours after taking the oath of office!

.http://www.federalreservehistory.org/Events/DetailView/22

At 1:00 a.m. on Monday, March 6, President Roosevelt issued Proclamation 2039 ordering the suspension of all banking transactions, effective immediately. He had taken the oath of office only thirty-six hours earlier.