Tim Stenovec

So yes and no.

I can explain why no.

And then if you'd like, I can get you there if you want to go there.

Look, the good news is the world is very different.

Today, from a technology perspective, one of the reasons that 1929 ever even happened was literally the stock exchange was oftentimes off, meaning the numbers that you saw on the big board were three, four, five hours behind the actual numbers.

And as a result, people were just selling indiscriminately because they just thought the whole thing didn't even work.

I mean, one of the reasons you always see those famous pictures of people down the New York Stock Exchange in 1929.

Right.

The reason they're there, the reason they're all in the street is these are people who've come from all over New York and the rest of the country to try to find out what's happened to their money.

So that piece of it you take off the table because you can get the numbers right here and off of your terminal and everything else.

Right.

There's an SEC.

Insider trading is not legal.

It was legal then.

So all the manipulation that was taking place.

There was no FDIC.

So you had bank runs that took place in the aftermath of this crisis.

You know, we could talk about Glass-Steagall and what that either represented or didn't or whether you think it's come back or not.

But here's a bigger one.

Capital requirements for banks.