"Born and raised in a small Canadian town, Arthur Cutten went to Chicago in 1890 with ninety dollars to his name. Through utter ruthlessness, he amassed a fortune trading in grain futures and stocks. Cutten was heralded as the modern Midas, and his every move was followed by the masses. ... But everything changed after the crash of 1929. The heroes of prosperity became the villains of the Great Depression. Determined to crack down on the 'banksters, ' the Roosevelt administration launched an all-out attack on those it ...
Read More
"Born and raised in a small Canadian town, Arthur Cutten went to Chicago in 1890 with ninety dollars to his name. Through utter ruthlessness, he amassed a fortune trading in grain futures and stocks. Cutten was heralded as the modern Midas, and his every move was followed by the masses. ... But everything changed after the crash of 1929. The heroes of prosperity became the villains of the Great Depression. Determined to crack down on the 'banksters, ' the Roosevelt administration launched an all-out attack on those it blamed for the collapse--and Cutten was at the top of the list. A US Senate committee probed how he manipulated stock prices. The Grain Futures Administration moved to bar him from trading. And the Bureau of Internal Revenue indicted him for income tax evasion. But the wily operator won on every count"--
Read Less
