Today we continued watching the movie. Mr. Bruns told us that the movie would probably take the whole class period and that we might not even finish it. I like watching videos and I hope we do it more often. I still had these questions to answer. . .3. What is pooling?Wealthy investors would rise the amount of the stock then they would sell it. Poolers would get a place on a stock early, early on. A pool operator called people and told them that they had an envelope waiting for them. Mainly the wealthy people were the ones who would pool. They would advertise their stocks by telling people how good they were so people would pay more for them than they themselves originally did. Thats how they made a big profit off of pooling.4. What did the Federal Reserve Board do?The Federal Reserve Board would raise taxes on items which would rais the price for the people buying on credit. The Federal Reserve Board thought that barrowing money wasn't the best idea. People were worried about this. They also raised interest rates. Charles Mitchell had always been convinced that the stock market would crash eventually. People starting reading into what he was saying and were agreeing. He tried warning people, some people listened, some didn't.
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