One thing I’m always struck by is most of the debates we have today really aren’t anything new. Bank nationalization is certainly not among the new issues. Strolling around Old City, I decided to take a pictures of some of the artifacts from the earliest debate we had about banking nationalization, though not quite in the same context we’re having it today.
Of course, today we’re talking about the feds taking control of private banks, but government has always had its hand in the banking system, and that role has always been a matter of intense debate.