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S7 E1: Market Failure

S7 E1: Market Failure

Released Wednesday, 26th June 2024
 1 person rated this episode
S7 E1: Market Failure

S7 E1: Market Failure

S7 E1: Market Failure

S7 E1: Market Failure

Wednesday, 26th June 2024
 1 person rated this episode
Rate Episode

Episode Transcript

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0:00

Samuel Miller, 40 acres on Edisto.

0:03

Fergus Wilson, 40 acres on Sapelo

0:05

Island. Primus Morrison, 40 acres

0:07

on Edisto. More than 1,200 formerly

0:10

enslaved people got land from the

0:12

federal government, and then had

0:15

it taken away. This was a betrayal.

0:18

I'm Al Letzen, host of the Reveal

0:20

Podcast. Our new series, 40 Acres

0:23

and a Lie, is available now. Subscribe

0:26

to Reveal wherever you get your

0:28

podcasts. This

0:31

episode is brought to you by Progressive Insurance. Whether

0:34

you love true crime or comedy, celebrity interviews

0:36

or news, you call the shots on what's

0:38

in your podcast queue. And guess what? Now

0:40

you can call them on your auto insurance

0:42

too with the name your price tool from

0:44

Progressive. It works just the way it sounds.

0:47

You tell Progressive how much you want to pay for

0:49

car insurance, and they'll show you coverage options that fit

0:51

your budget. Get your quote

0:53

today at progressive.com to join the

0:55

over 28 million drivers who trust

0:57

Progressive. Progressive Casualty Insurance

0:59

Company and affiliates. Price and coverage match

1:01

limited by state law. Now

1:04

here's the original Morgan building right on

1:06

the corner of this big block with

1:12

an ad for a movie called Dumb Money in the

1:14

Window. It was built

1:16

on the same location, 23 Wall Street. I'm

1:19

standing with John Fullerton at the corner

1:21

of Wall Street and Broad, right

1:23

across from the New York Stock Exchange. This

1:26

is the iconic Morgan building. It never had the name Morgan

1:28

on it because if you didn't

1:30

know, you didn't need to know. You

1:34

had an office in here? Yeah. My

1:36

first job out of the training program was I was

1:39

sitting right above those flags on the fifth floor. Now

1:42

in his early 60s, John is living

1:44

a very different life than what he

1:46

imagined when he was a fast rising

1:48

star at J.P. Morgan. I think I

1:50

was one of the youngest M.D.s ever

1:53

promoted at the bank at the time. M.D.

1:56

for managing director. He

1:58

earned that title before his...

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