Did the New Deal involve bailouts?

Question:

Did the New Deal involve bailouts or anything similar to the bailouts in TARP? I'm not finding anything analogous to a bailout being part of the New Deal, but there's a lot of stuff there. Anyone know?

Answer:

The New Deal attempted to set up mortgage moratoriums to halt the wave of farm foreclosures generated by the financial collapse. It also set up fascist policies and agencies to run them like the National Industrial Recovery Administration, which cartelized industry and tried to limit competition so that established firms would not fail. These were not quite the same as the recent bailouts, which involved direct transfers of stolen cash. However, they were variations on the theme.

The model for all of these socialist schemes was Mussolini's Italy. Roosevelt, himself, was a fascist (though he would not admit it and personally despised Mussolini), but formal fascism was blocked in the United States when the Supreme Court blocked the necessary transfer of legislative power to the executive in cases like Panama Refining Co. v. Ryan, A.L.A. Schechter Poultry v. United States, and Carter v. Carter Coal Co.

The Supreme Court later effectively reversed many of these precedents during WWII, in such pro-fascist opinions as Wickard v. Filburn and Yakus v. United States (however, read the dissent to Yakus carefully). The apotheosis of this trend came in Korematsu v. United States, where the Supreme Court turned a blind eye to the erection of American concentration camps for Japanese Americans on the West Coast. Although these camps were never the death machines of Nazi Germany, it is a fact that some confined there, as a result of the confinement, died.