I'm no fan of FDR, but it was a wise decesion to enact the Glass-Steagal Act, and it was a very unwise decesion to take that act off the books. The Glass-Steagal act kept investment banking separte from commerical banking.....once commerical banking became involved with investment banking the sharks took over, and packaged all these loans in exotic, and liquid products that they sold all over the world.
I'm pleased to see that most of our local NH banks learned their lesson from the 80s housing boom and remain in good shape. A good investment for you folks near retirement is municipal bonds. NH bond funds are double tax free (state & federal) and out of state bond funds are federal tax free.
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Toyota Tf104 History