DON RITCHIE

(Donald Taylor Ritchie)


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Don Ritchie

Before the stock market crash of 1929 approximately half of all the stock sold in America was fraudulent. President Coolidge did not believe in the Federal Government interfering with business and would not interfere. His Secretary of Commerce, Herbert Hoover however was worried about the extreme corruption of the system. By the time he succeeded Coolidge as President, it was too late.
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Franklin D. Roosevelt and the New Deal then created the Securities and Exchange Commission to Regulate the Stock Market and that kept things under reasonable control for over 50 years, but then the fraudulent schemes had gotten very sophisticated and the Enron and other scandals were uncovered, leading to Sarbanes Oxley and other more regulatory legislation.

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  • Born: June 9, 1926
  • Died: May 13, 2012
  • Nationality: Australian
  • Profession: Royal Australian Navy, Costing Clerk, Life Insurance Salesman, Humanitarian
Biography

Donald Taylor Ritchie, OAM was an Australian who intervened in many suicide attempts. He officially rescued 160 people or more from intending suicide by jumping off a Sydney cliff called The Gap.