Financial-Speculation

Federal Reserve Warns Against Speculation But Takes No Effective Action

1929-02-02 00:00:00 +0000 UTC | Importance: 8/10

The Federal Reserve Board issues a public warning that banks should not make loans for stock market speculation, expressing concern about the use of Federal Reserve credit to finance the securities boom. The announcement signals regulatory awareness that margin lending and speculative excess pose …

Federal Reserve Board Benjamin Strong Charles Mitchell Andrew Mellon National City Bank regulatory-failure financial-speculation banking institutional-capture

Florida Land Boom Epitomizes Unregulated Speculation and Securities Fraud

1925-01-01 00:00:00 +0000 UTC | Importance: 7/10

The Florida land boom reaches its speculative peak in 1925, with real estate transactions totaling an estimated $7 billion (equivalent to over $120 billion today) in a single year. Developers like Carl Fisher (Miami Beach), George Merrick (Coral Gables), and Addison Mizner (Boca Raton) orchestrate …

Carl Fisher George Merrick Addison Mizner Florida Legislature financial-speculation regulatory-failure securities-fraud real-estate predatory-finance