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News online for Encinitas, Calif.

North Coast Current

News online for Encinitas, Calif.

North Coast Current

A portrait of American financier John Pierpont (J.P.) Morgan, painted by Fedor Encke in 1903. (Creative Commons image)

Historically Speaking: The banker who saved America 

Tom Morrow March 22, 2023
In lieu of today’s current financial climate in Washington, D.C., reviewing a bit of national banking history seems to be in order. Today, as it was yesterday, there always seems to be light at the end of a very long financial-ladened tunnel.
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John Pierpont Morgan