Unconventional Method Quotes



Kennedy, the father of JFK, had been one of the sleaziest of the stock market manipulators in the country. Prior to 1934 the Republican Hoover philosophy had prevailed letting the market regulate itself. But the practices of many of the Wall Street leaders were by modern standards outright thievery.FDR created the first Commission to regulate publicly traded stock transactions and schemes. He made a shrewd pick with Kennedy who was very egotistical and ambitious for power and recognition for Kennedy not only was an accomplished master at the skullduggery of the day, but he had no loyalty to the wealthy brokerage and financial leadership class as Kennedy was a Roman Catholic and at the time Catholics were never really accepted by upper class Protestant society. He turned out to be not only the first SEC Chairman but the one who demonstrated the efficacy of such regulation. He was then rewarded with the Ambassadorship to England the plum diplomatic assignment of the country.