Financial Elite Quotes



The Banks and Wall Street were much to blame of the Great Depression which began in 1929. Many called for reform and heavy regulation of the finance industry. However President Hoover was very passive and the Depression became worse. Hoover also opposed ANY regulation of banking or Wall Street. Hence the names in this quotation. The Priest was the right wing demagogic radio host of his day. Virulently anti-Semitic and anti-Black, he was threatened with excommunication by the Catholic Church, which finally ordered him to cease us weekly radio show and stop the political hate.


He was one of the early writers to observe that the rich of most areas and nations had more in common that they did with their poor fellow citizens in their own country.


Jefferson, who was so brilliant and farsighted with respect to so many things from agriculture to government management had one great weakness. He really did not understand and generally disliked, banking, finance, industry, large manufacturing. His famous disagreements with Alexander Hamilton were mostly over these areas in which Hamilton was so effective at creating America with a strong national economy. Between them, America was started off in the right direction in all areas.