After the election, Reid orchestrated a quick transfer of power. The Social Credit victory had provoked a bank run, and he wanted to re-establish stability as quickly as possible. Moreover, the province needed to borrow a large sum of money to meet even its short-term obligations, and the UFA, as a lame duck government, was unable to make promises to would-be creditors. Once in office, confronted with a dire financial situation, Aberhart accused the UFA government of mismanagement. Reid responded in January 1936 that there had been no such mismanagement, that the province's financial problems were due to Social Credit's policies, both real and promised, and that had the UFA won re-election in 1935 it could have continued governing without serious difficulty. He also resisted insinuations that it had been too restrained in helping impoverished farmers: as late as 1969 he was offering the view that shrinking sources of provincial revenue made further assistance impossible.