After the expulsion from Washington, D.C., of the veteran petitioners of the Bonus Army, which he called "the greatest crime in modern history", McFadden moved to impeach President Herbert Hoover in 1932, and he also introduced a resolution bringing conspiracy charges against the Board of Governors of the Federal Reserve. The impeachment resolution was defeated by a vote of 361 to 8; it was seen as a big vote of confidence to President Hoover from the House. According to Time magazine McFadden was "denounced and condemned by all Republicans for his 'contemptible gesture'." The Central Press Association reported that he was "virtually read out of his party ... his committee posts ... taken away from him…was ostracized by Republicans [and called crazy ...". Sen. David A. Reed (R-PA) said "We intend to act to all practical purposes as though McFadden had died".