On Wednesday 23 October 1929, Huey Long, governor of Louisiana, was lounging in the lobby of the Roosevelt Hotel in New Orleans. A local bank president ran up to him, nearly hysterical, exclaiming, "Governor! Hell's broken loose! The biggest crash you've ever seen! It's going to be sixty days before this country will get back to normal."
Governor Long replied calmly, "I've been expecting this crash for three years. It's here for many, many years. It can't end until there's a redistribution of wealth. Make your plans on that basis."
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