Andrew Ross Sorkin
๐ค SpeakerAppearances Over Time
Podcast Appearances
And the banks don't know what that even means.
So they stopped lending basically to everybody.
And Charlie says, we're not going to have that.
So we're going to start lending ourselves.
And that sort of creates this whole other dynamic, which leads him to end up being in front of Congress.
And I don't want to give away the story, but he does get arrested on the steps of his own home for doing some crazy things later in the story.
But those two sort of play a big role.
And then you get to see how Glass-Steagall came about, which, by the way,
is shocking because it is not what you would think at all.
It almost has nothing to do, I don't want to say it has nothing to do with breaking the banks apart for like political reasons, but it actually has to do with business reasons, meaning there was like some major bank money and lobbying going on behind the scenes to F over JP Morgan by the guys who were running Chase and the Rockefellers.
So it's wild.
The story is wild.
Separates commercial banks and investment banks.
And then sets up the FDIC, basically.
And sets up the FDIC.
Right.
Again, when you see how that all came together, the FDIC piece of it, the backstory of like these laws.
Exactly.
And you'll see it.
You will be in the room with these people literally going in there, sitting in the White House,