The Writing on the Wall
With major financial firms in unprecedented crisis, the government is struggling to find the right words to calm the public. Henry Ehrlich knows about the soothing power of words in times of economic turmoil. He was the speechwriter for the chief American negotiator during the foreign debt crisis of the 1980s. It was a time when one wrong word could have sparked a catastrophe.
- Check out Henry's book, The Wiley Book of Business Quotations
LessonS from '29
Mary Jane Young still has vivid memories of the 1929 crash. Her father had been a successful real estate builder in New York and had also bought stocks. He eventually lost everything. Mary Jane talks to Dick about watching their belongings, including her playhouse, auctioned off on their front lawn - just hours before her family became homeless.