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013
-13-
THE PRESIDENT: It ought to be part of the permanent
system -- that is off the record -- it ought to
be part of the permanent system so we don't run
into this thing again.
Q Mr. President, you said there would be two or three
other subjects considered at this special session
of Congress?
THE PRESIDENT: There are going to be surprises.
Q Will those subjects be mentioned in your message?
THE PRESIDENT: I don't know. I don't know whether in
the first message or not. There might be another
one.
Q Reorganization will be taken up first?
THE PRESIDENT: Yes.
Q Can you tell us anything about guaranteeing of bank
deposits?
THE PRESIDENT: I can tell you as to guaranteeing bank
deposits my own views and I think those of the old
administration. It is that the general underlying
thought behind the use of the word "guarantee" with
respect to bank deposits is that you guarantee bad
banks as well as good banks and the minute the
government starts to do that the government runs
into a probable loss. I will give you an example.
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"ocrText": "013\n-13-\nTHE PRESIDENT: It ought to be part of the permanent\nsystem -- that is off the record -- it ought to\nbe part of the permanent system so we don't run\ninto this thing again.\nQ Mr. President, you said there would be two or three\nother subjects considered at this special session\nof Congress?\nTHE PRESIDENT: There are going to be surprises.\nQ Will those subjects be mentioned in your message?\nTHE PRESIDENT: I don't know. I don't know whether in\nthe first message or not. There might be another\none.\nQ Reorganization will be taken up first?\nTHE PRESIDENT: Yes.\nQ Can you tell us anything about guaranteeing of bank\ndeposits?\nTHE PRESIDENT: I can tell you as to guaranteeing bank\ndeposits my own views and I think those of the old\nadministration. It is that the general underlying\nthought behind the use of the word \"guarantee\" with\nrespect to bank deposits is that you guarantee bad\nbanks as well as good banks and the minute the\ngovernment starts to do that the government runs\ninto a probable loss. I will give you an example."
}