Editorials & Other Articles

But I do question the author's sloughing of the historical record: "Yet another parallel with 1929 was the lack of transparency. The crash prompted President Franklin Roosevelt to create the Securities and Exchange Commission ...."

While that is technically true, FDR didn't take office until four years later, we first had to suffer with free market do-nothingism under Herbert Hoover who still impacts today with his legacy and antiquated Think Tank. FDR got his start on relief for the masses with policies while Governor of New York. As I recall reading, correct me if memory fails, but Frances Perkins as state Industrial Commissioner was part of that effort.