FDR’s Wall Street watchdog: Why the SEC’s role remains vital nearly 90 years on
The Economic Times·2025-10-20 17:24
The Great Depression popped the bubble of falsehoods on which the Roaring 20s floated. The magic formula for prosperity - give the rich what they want, and they will share the booty with the rest - was exposed as the fraud it had always been.FDR offered to put rules in place that will give everyone a fair chance. In 1932, a distressed nation agreed to try this new recipe... of regulation. Voters elected FDR to deliver exactly what he promised.FDR's primary tool for this transformation was SEC, a watchdog ag ...