So I'm translating a book by a Brazilian geopolitical scholar who's quite boldly claiming Wall Street staged a falled coup against FDR in the wake of his new deal policies.

He says the plot was thwarted by General Gerard C. Macguire Smedley D. Butler and subsequently investigated by the congressional McCormack-Dickstein Committee. But no arrests were made.

According to the author I'm translating this is because "there was a cover up to safeguard the image of the United States as a democracy, its myth of 'exceptionality', the country where no coup had ever taken place."

I had heard of this before, but thought it was mostly hearsay.

Anyway, can any reddit historian weigh in on the matter.