Andrew Ross Sorkin Sees Parallels to 1929 Everywhere He Looks
When the New York Times financial reporter set out to write about the economic climate that led to the Great Depression, he found a cast of characters that seemed, depending on your point of view, distressingly familiar.
They didn’t have DMs or cryptocurrency, but 1920s investors often pooled resources to manipulate share prices, much like the meme stocks of today.
On a snowy day in January, BlackRock CEO Larry Fink joined Andrew Ross Sorkin on CNBC’s Squawk Box for an interview in Davos, Switzerland, where corporate and political leaders gather for the annual World Economic Forum. While the segment mainly revolved around the BlackRock CEO’s plea for Donald Trump’s SEC to make it harder for activist shareholders to take on corporations via proxy vote, Sorkin couldn’t resist asking for Fink’s take on the booming cryptocurrency ecosystem.
