Bank failures were viewed by the Fed as a regrettable but inevitable consequence of poor bank management, prior speculative excesses, or simply the effect of a collapsing economy.

• 银行倒闭被联储认为是遗憾的然而也是不可避免的，它是差的银行管理，事前的过渡投机或者仅仅是经济衰退的影响。