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To: Mike Buckley who wrote (33958)	7/2/1999 6:36:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 152472

Was it really the SEC that was formed in respsonse to the Crash? Yeah, and guess who they put in charge of it. One of Wall Street's biggest speculators, Joe Kennedy!

To: Mike Buckley who wrote (33958)	7/3/1999 1:18:00 AM
From: JGoren	Read Replies (2) \| Respond to of 152472

Yes, it was the SEC that was established as a result of the stock manipulation that was thought to have helped create the Crash. First, was the Securities Act of 1933, then the Securities Exchange Act of 1934. The Investment Company Act of 1940 was passed subseqently. When I was with the SEC, we used to joke that essentially Joe Kennedy made illegal the things that made him rich, so that nobody else could do it. As far as the Federal Reserve is considered, I have a vague recollection that, although a single currency was created by establishment of the Federal Reserve in 1913, the Fed's powers were increased after the Crash and it began to truly regulate the money supply. If my recollection is wrong, I am sure nine people will correct me.