Bank Recapitalization In Nigeria
Both the Administration of President George W. Bush and the transition team of President-Elect Barack Obama seem to be striving to avoid a repetition of the ugly precedent of the power shift from Herbert Hoover to Franklin D. Roosevelt. That 'interregnum," lasting from November 8, 1932 to March 4, 1933, saw the Depression deepen while efforts to coordinate some statements or commitments between the outgoing and incoming administrations failed. (Ironically, the 20th Amendment to the Constitution, which moved up the Presidential Inauguration to January 20, was ratified that January but did not take effect until 1937.)
Then
Having been repudiated overwhelmingly after a campaign in which he and Roosevelt contended over who could best balance the budget, the lame duck President sought some understanding with the victror on two key issues which could retard domestic and international recovery. They were relief to Britiain and France on monthly payments for war debts and assistance to banks. Despite several conferences, FDR refused to commit himself on either point. He felt that Hoover was trying to associate him with a failing response before he had the authority to take actions.
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