The Real 1929 Crash: What They Got Wrong.

In March 1929, the Federal Reserve tried to slow down a runaway stock market. One banker publicly broke it. Charles E. Mitchell — "Sunshine Charlie" to the press — ran National City Bank, the largest bank in America, and spent the back half of the 1920s telling the country the boom would never end. This is the story of the margin-lending machine he defended, the private meeting at 23 Wall Street that tried to stop Black Thursday, and the tax return that ended his career four years before anyone had heard of the SEC. Sources & further reading: Pecora Commission testimony of Charles E. Mitchell, U.S. Senate Committee on Banking and Currency, 1933 (senate.gov archives) "Stock Market Crash of 1929," Federal Reserve History (federalreservehistory.org) Charles E. Mitchell, Wikipedia — cross-referenced for dates/figures "The Man Who Busted the 'Banksters,'" Smithsonian Magazine Helvering v. Mitchell, 303 U.S. 391 (1938), Supreme Court civil tax case #WallStreetNoir #1929Crash #GreatDepression #WallStreetHistory #FinancialHistory