A lot of them lost their saving when the stock market crashed in 1929, because the banks invested most of the veterans’ saving into the then-was prosperous and rewarding stock market in hope of making profit. The veteran’s saving vaporized when the stock market crashed, because banks bought the stocks and the stocks’ price fell to nearly nothing. Out of the panic, the veterans rush to the banks to retrieve their savings when the stock market crashed, but the banks, already lost all of the veterans’ money when the stock price fell, do not have any cash or money in any form at all to pay the veterans back. There were no “ensure-up-to-250000 policy”by the U.S. government back then, what was lost was lost forever. Later, some of those vet went to District of Colombia to ask the gov. to pay their pension early.