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The fed attempts to make banks safe and sound because of what happened during the great depression, when the Stock Market crashed the banks had no way of insuring the people that there money was save to stay in the banks, and with that in mind thousands of people went and withdrew their life savings and caused the banks to have to shut down. and in doing so now they can provide people with the ability to sleep well knowing that there money is save

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Q: Why does the fed attempt to make banks both safe and sound?
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