Chapter 543: Unemployment Assistance Plan

On the first day of the new year, I wish: Book friends, everything goes well in the new year, everything is prosperous, everything goes well, all wishes come true, and the most important thing is to make a fortune!

...

The first draft of the "1933 Banking Law" has been prepared, and the separation of commercial banks and investment banks has become a foregone conclusion.

Commercial banks are not allowed to engage in the business of “trading stocks and securities,” and are not allowed to underwrite the issuance of any stocks and securities, and commercial bank affiliates are prohibited from “mainly engaging in” the issuance, listing, underwriting, sale or distribution of securities.

Securities companies are prohibited from engaging in banking business, basically blocking all possibilities.

In addition, if bank deposits have a federal guarantee, depositors can get compensation from the federal government in the event of a bank failure, it is possible to eliminate depositor panic and reduce the probability of a run.

As a result, the Federal Deposit Insurance Corporation, the institution that guarantees the savings funds of banks, came into being.

Financial institutions such as commercial banks, investment banks, and trusts must first deposit a certain amount of funds with the Federal Deposit Insurance Corporation before conducting business.

The more private capital a financial institution absorbs in the market, including bank deposits, the higher the security deposit it must pay.

According to the results of the negotiation, the bill stipulates that deposits below $5,000 will be paid in full, and the excess will be paid proportionally.

In other words, if there is another Great Depression, depositors with deposits below $5,000 do not need to worry about whether the bank in which they deposit their money will go bankrupt.

Because no matter how many companies go bankrupt, the FDIC will pay out in full, not a penny less.

As for the extra deposits of the middle class and wealthy class with more than 5,000 US dollars, they can only ask for more blessings. The federal government only needs to guarantee the basic life of citizens.

People all over the world are actually the same, but as long as they have a bite to eat, even if they are living a tight life, at least social stability can be guaranteed.

This is what the federal government wants to guarantee. Even if it happens again, most people must have food to eat, and the tragedy of the Great Depression will not happen again.

So far in the Great Depression, more than 100,000 people died of hunger and cold. I believe that someone will count the specific figures after the economy improves.

Not to mention the forced livelihood, nearly a million women and girls took to the streets, contracted diseases, got pregnant accidentally, became disabled and died due to disputes.

When everything returns to the right track, their ordeal has just begun, and all the faces lost in the face of life and death must be picked up one by one.

"In the past two years, the divorce rate and marriage rate will both drop." Li Zitao said expressionlessly.

What can be done and what should be done, he has already done, maintaining relief stations in various places, adding mobile relief stations from time to time, recruiting unemployed people, and donating money.

He is more serious about these things than anyone else, and he puts in more and does more.

Even the "unemployment relief plan" that the federal government wanted to implement, Roosevelt, who was so busy, had to call him personally to learn from him.

"I will communicate with the United Women's Security and Relief Association to help them return to normal life." Mary said lying on the sofa with her head resting on his lap.

Mary knew how he felt, as he always did, and he seemed to be indifferent to everything, but he knew it in his heart.

Especially with regard to charity recently, Mary discovered that he quietly got up in the middle of the night several times, went to the study to read relevant data, and adjusted the focus of the foundation.

"Unemployment assistance will be introduced in the second half of the year, and the review will definitely be very strict. See if there are any volunteers who are willing to provide guidance."

The unemployment assistance program has just been introduced, and the economy is in a mess. Money is being used everywhere, and the review process will definitely not be relaxed. The help of volunteers can also prevent them from bringing in wrong information or filling out wrong forms, wasting time in vain.

"The cooperation between Care funds and Care funds is becoming more and more tacit. According to the survey records, the proportion of child abuse cases in major cities this year has dropped by 23.6%..." Mary stopped most of her work after she became pregnant. The development of Care funds) will still be asked from time to time.

Now whenever we receive relevant information about child abuse, investigators and lawyers from Care funds will be the first to come to the door.

They will first investigate whether there is abuse, and then analyze and evaluate the degree of trauma to the child before deciding whether to strip the parents of custody.

The practice of directly depriving guardianship is a bit cruel and too arbitrary.

Some bear children just lack education. If they are taken away from their parents because of a slight lesson after making a mistake, it will be detrimental to their growth.

Seeing his wife talking more and more vigorously, he wished to leave here immediately and go to work together. Li Zitao held her hand and put it on his mouth and said, "You should worry about your stomach. Are you ready?"

"With Lison and Francis here, do you still need to worry?" Mary said with a smile, she valued the child in her belly more than anyone else.

For this reason, she also called Francis, who was looking at the house in the mansion on the coast of Chicago, over in advance, and together with her personal maid, she was responsible for taking care of her in the hospital.

"That's good. The results will come down in a few days. I will go to the hospital to accompany you every day." Li Zitao caressed his wife's long hair, making Mary close her eyes with loving and earnest actions, enjoying the peaceful moment Tenderness.

...

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In mid-March, the weather turns warmer, and the sea breeze blows on the face makes people feel refreshed.

The only benefit of the Great Depression is that the exhaust emissions from cruise ships, cars, and factories have been greatly reduced, making the air much better.

Los Angeles, American Trust Savings Bank.

Saniel, who was wrapped in a caramel-colored windbreaker, walked towards the meeting room with her head held high, her expressionless expression made the surrounding staff shy away.

Since Roosevelt came to power, the wind direction in the banking industry has become more and more weird, and even practitioners like them can't figure it out.

But Washington's position is firm. The federal government will intervene in the market and will not allow the market economy to continue to decline.

This makes the businessmen both happy and worried. It will take time to prove that Washington's intervention will reach that point and what effect it will have on the development of various industries.

Compared with the trembling businessmen outside, the trust bank is also precarious.

Originally thought that the introduction of strong support would lead to vigorous development after getting rid of the scandal, but after only a few months of peace, the original strong support became an internal enemy.

Snapped.

The door of the meeting room was pushed open by the assistant, and Sanil stepped into it without stopping, and walked straight to the main seat, without even looking at the shareholders present.

Such a defiant performance made the faces of the only four shareholders present turn black, but they felt a little helpless.

They have already received the news that Li Zitao now holds more than 52% of the shares, so what if his representative takes the main position?

Seeing Sanier sit down, Tago Giannini couldn't help but said: "Ms. Sanier, what exactly does Mr. Li mean?"

Sanier put her hands on the table, looked at the shareholders present, and said with a slight smile: "BOSS wants to get all the shares in your hands, please make an offer!"