wnyc.org / 93.9fm / am 820

Comments

• [1] Eric Zeisler from Astoria, New York October 16, 2008 - 01:22PM

  Finally! Someone is talking about this! I am a historical novelist who researched this part of history and saw the parallel when it happened and was dumbfounded that NO ONE was talking about it! Thank you, Leonard Lopate for bringing this history and parallel to the attention of the public and hopefully policy makers. Maybe someone on Wall Street and in Washington will take a note from history and not just 1929.

  
  
• [2] Joe October 17, 2008 - 05:49PM

  I seem to recall from Ron Chernow's book "Titan" that the panic of 1873 provided JD Rockfeller he opportunity to buy up all the petroleum processing and distribution infrastructure in the northeast and mid-west and set the stage Standard Oil's collosal control of its industry...and without even owning a single oil well. The book described scenes of JD and Henry Flagler speeding through the streets of Cleveland, going from bank to bank to telegraph office, making deals to buy up every bit of petroleum processing infrastructure in sight within a couple of weeks. These events have long lasting effects.

  
  
• [3] Edie from UWS October 19, 2008 - 01:34PM

  This was a wonderfully insightful piece (and scary!) I played it back from the website, so my husband, an economist and money manager, could have a perspective he wasn't getting from MSNBC and Bloomberg. Thanks for the clear historical parallels, from a complicated time, Prof. Nelson, and thanks for "underreported" Mr. Lopate.