Your Banker doesn’t Care About You

DEBRIEF investigates the stories powerful institutions tried to bury. From historical cons to modern fraud, from psychological manipulation to corporate cover-ups, every video is a deep dive into what was hidden and who paid the price. Every story has a hidden side. In 1929, a US Senator stood on the Senate floor and said one man was more responsible for the stock market crash than any fifty others. That man was Charles Mitchell. Head of National City Bank now Citibank. He built the first retail investment sales force in history. Sold bad debt to ordinary people. Earned $1,000,000 in bonuses. Paid $0 in tax. Was tried for fraud. Acquitted on every count. Walked out of the courthouse smiling. CASE NO. 003 —————————————————————— SOURCES: - Ferdinand Pecora, 'Wall Street Under Oath' (1939) - Pecora's own account of the hearings - John Kenneth Galbraith, 'The Great Crash 1929' (1954) - US Senate Pecora Investigation transcripts (1932-34) - public record - New York Times archive - Mitchell trial coverage, 1933 - Glass-Steagall Act (1933) and Gramm-Leach-Bliley Act (1999) -public legislation