Andrew Ross Sorkin

I loved stories about people.

Fabulous books.

Fabulous books.

I mean, I think she thought it was out of my mind, but no, so I read these books and I was like, okay, where's the story?

Where's the, where are the people?

So let's just go back, even let's go back to 1919, because actually I think that's a critical year.

So prior to 1919 in America,

people did not really borrow money.

It was like a moral sin to get credit, but people didn't do it.

In 1919, General Motors says, you know what?

We're going to start lending people money so that you can buy a car.

And that was actually like a major inflection point in America.

Because then Sears Roebuck clocks what's going on and says, okay, we're going to do this too for appliances.

And then a guy named Charlie Mitchell, who ran a bank called National City, which becomes Citigroup, says, you know what?

We can do this for stocks.

And all of a sudden, brokerage houses are opening up.

you know, on the corners of streets the way we see Starbucks today.

It's like literally like that.

And you could go into one of these places and you could put a buck down and they would literally loan you $10

off of your dollar.