That was then, this is then?

By William R. Mann, CFP:

“I am more concerned about the return of my money than the return on my money.”—Mark Twain

I am no expert in economics, or the political and fiscal manipulations by the Federal Reserve, the US Treasurer, the Congress, or the Executive. But today, I was reading an article by analyst Thomas E. Woods, Jr. of the Von Mises Institute, entitled “The Great Gold Robbery of 1933,” when I developed that uneasy “uh-oh” feeling.

This article was written shortly before the Financial Crisis of September 2008 and before the enactment of the Troubled Asset Relief Program [TARP] legislation. As I read through this, I recalled all of the recent talk about the Glass-Steagall Act. I decided subsequently to do a simple search of the archives of Time.com.

But, before taking a trip down memory road to that thrilling yesteryear of 1933, let’s review the latest and biggest banking disaster in US History.

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