Andrew Ross Sorkin
speaker
476 appearances
1 recordings
1 series
first heard Oct 2025
last heard 31 Oct
Andrew Ross Sorkin’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.
Appearances
The tariffs, by the way, Smoot Holly tariffs 1930, that
Created a problem for the country.
The Fed, as we mentioned, didn't really do much of anything for the most part.
And by the way, you also had Andrew Mellon, who was the Treasury Secretary at the time working for Hoover, saying that, you know, he was a true capitalist.
His view was: you make money, great.
You lose money, great.
Didn't care.
And so they almost were like not really looking at the problem.
Almost Hoover used to talk about it as a psychological problem.
Uh
And that the stock market was divorced from the real economy.
But by the time you get to 1932, as you said, the market was down 90%.
You had unemployment in this country of 25%.
Think about that, 25% of unemployed people.
And then all of a sudden you had about 9,000 banks effectively fail.
So I'm more convinced that there'll be a destruction of value in the markets, but probably more akin to something like 1999 than 1929.
Because the other thing to remember is back in 1929, there was no SEC, there were no bank capital requirements, there was no bank act, there was nothing.
Insider trading, the the the ability to truly manipulate things.
Was what happened every single day.
I like to believe that we've learned from that moment.
Showing 101–120 of 476 · page 6 of 24
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