This is the story of the creation of the Securities and Exchange Commission by FDR in order to try and bring the country out of the great depression. It is hard to believe but before 1933 there were no regulations of the banking and stock exchange industries. This meant insider trading and shady deals were standard operating procedures, and the basis of the 1929 crash where the filthy rich stayed rich and the rest of the country went broke.
There was a lot of objections to FDRs attempts to put in place regulations, and interesting enough FDR was basically part of the social class of all the people who were the corrupt people who were part of the problem. Many insteresting aspects come out in this book, which at first could seem like a really boring economics story, but the personalities involved were complex. Joseph Kennedy was the first commissionar of the Securities and Exchange, which surprised me. He came off as a much more interesting person that I expected he would be.