Andrew Ross Sorkin

One of the reasons the Fed didn't do more than it did in 1929, and they were talking about what to do in advance of the crash, meaning in terms of trying to tamp down speculation,

They were worried about the politics in the moment.

They were worried that if they actually raised interest rates too high to stamp out speculation, that they would get slaughtered politically.

And back then, the Fed was so new, it was considered still an experiment to some degree.

It had just been born in 1913.

They thought Congress could shut down the whole thing.

Yeah, stuff about exuberance as well.

Could it lead to a crisis or to a crash?

It does lead us to 1929, a book that takes us inside the greatest crash in Wall Street history and how it shattered a nation.

The book by New York Times bestselling author of Too Big to Fail, who

Also happens to be an award-winning journalist for the New York Times.

He's the founder and editor-at-large of Dealbook.

He's co-anchor of Squawk Box on CNBC.

Andrew Ross Sorkin joins us now.

Welcome.

Thanks for having me, guys.

Yeah, thanks for joining us.

It's great to be here.

Thank you.

You know, it's funny.