Chances are you remember where you were and what you were doing the day the stock market crashed on Oct. 19, 1987. It’s one of those special days in history when time seemed to stop. The Dow Industrials 508-point plunge seemed like the end of the party back then, but if wasn’t long before the market rally was back in gear and the irrational exuberance of the go-go 90s arrived.
So twenty years and some 12,000 points later, we talked to people from Wall Street to Washington to put things in perspective.
Edward J. Markey
Markey is one of the longest serving members in Congress, having first been elected to the House of Representatives in 1976. At the time of the crash, he was chairman of the House subcommittee on Telecommunications and Finance, which had significant oversight over securities regulation and the finance industry. (The subcommittee’s responsibilities were later split into two seperate panels.)
He is currently Chairman of the Select Committee on Energy Independence and Global Warming and asenior member of three other committees, including Energy and Commerce.
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