Too Big to Fail in 1930

History’s silence on the Jewish immigrant entrepreneurs behind the Bank of United States.
12/02/2010 - 19:00

On the morning of Dec. 11, 1930, thousands of people lined Delancey Street to withdraw their savings from the Bank of United States. Rumors had circulated for days that the largest retail bank in New York, with over 440,000 depositors and $300 million in assets, was insolvent.

Front page and back cover of the Bialystoker Stimme,  Nov. 1921.
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