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The Rules of Investing Are Being Loosened. Could It Lead to the Next 1929?

A group of financiers is trying to convince the public to invest heavily in private equity and crypto — a risky gambit with some real 1920s vibes.

Back in the 1920s, Charles Mitchell — the swaggering head of National City Bank, the forerunner to Citigroup — had a ritual. He would take his bond salesmen to lunch at the Bankers Club, perched atop the Equitable Building at 120 Broadway, and point … [2703 chars]

Source: The New York Times | Published: 2025-10-13T09:00:39Z

Credit: The New York Times

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