Andrew Ross Sorkin
👤 PersonAppearances Over Time
Podcast Appearances
I don't know.
I'm curious what you think.
So the other thing that I found fascinating about Roosevelt, also Hoover to some degree,
But given Roosevelt's public commentary about bankers and about wealth, he doesn't get really into a sort of larger question about capitalism, I think, the way we are discussing those questions today.
But he did have a relationship with all of these business leaders.
I mean, these business leaders, in an almost Trumpian way, were making these pilgrimages to the White House to sit in the Oval Office and to plead their case to him.
And he had a
a somewhat, it seemed like, friendly relationship with the leaders of these institutions.
I will say one thing, though, about all of these bankers and wealthy individuals in the 20s and even now.
And by the way, back in the 20s, not inflation adjusted, for real.
There were two billionaires.
People were making tens of millions of dollars.
There was a magazine article called Our Second Billionaire, which was Henry Ford, 1929.
One of the great lessons, at least for me, that I've learned just I think in reporting all of these years and even just reporting on the current milieu of billionaires in America, it doesn't matter how much money you have in your bank account or what title you have on your business card.
It is not emotional armor.
It just isn't.
And I think that the public, including myself, often think, well, they've got so much money.
What do they have to worry about?
Someone writes a nasty article about them or the president goes after them on television.
What do they care?