I can feel it coming, S.E.C. or not, a whole new round of disastrous speculation, with all the familiar stages in order-blue-chip boom, then a fad for secondary issues, then an over-the-counter play, then another garbage market in new issues, and finally the inevitable crash. I don't know when it will come, but I can feel it coming, and damn it, I don't know what to do about it.-Bernard J. Lasker Chairman of the New York Stock Exchange in 1970, quoted in 1972 in John Brooks, The Go-Go Years Contents Introduction lX
Far from being a manifestation of the rising tide of business influence in society, the 1875 Resumption Act really demonstrated that to legislators of the day the wishes of important segments of the community were less important than considerations of party politics.
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