America 1919

Chapter 1582 578: The Much-Anticipated Hearing

Many people think that the White House's policy towards Morgan should involve all sorts of conspiracies.

After all, Morgan's influence is evident here.

But in fact, this time, the White House's policy towards Morgan went surprisingly smoothly.

Morgan originally thought their relationships at the White House and in Congress would help them out of the predicament.

But this time, it seems Morgan was mistaken.

The relationships they cultivated within the government almost overnight all chose to side with Franklin Roosevelt.

Even if there are some dissenting voices.

They did not form a scale.

This time, Morgan is indeed facing a blow.

Jack Morgan did not get the answer he wanted from Donnie, even though Donnie gave him advice.

So, three days before Ferdinand Pecora's hearing began.

Jack Morgan gathered all of Morgan's partners and his team of lawyers at Washington's Carlton Hotel.

To conduct a rehearsal for the upcoming hearing!

The hearing concerning Morgan also became a matter of national focus during this time.

Meanwhile, countless people called Capitol Hill hoping to secure a seat in the stuffy, overcrowded Senate meeting room.

On the day the hearing began.

Donnie sat at the most forward position in the Senate meeting room.

Café Jackson was by Donnie's side.

Both giants of Venus Bank appeared simultaneously, attracting countless eyes to the scene.

Everyone also knew that times were changing.

In the past, Morgan was the largest bank in this country, controlling the nation's wealth.

But now, Morgan is facing the most severe test since its establishment.

While Venus Bank, at this time, has already firmly taken the top seat of the Bank of America!

"Damn it, can't they put some more ice here?" Café Jackson wiped the sweat off his forehead and, after complaining, asked Donnie, "Could Jack Morgan be nervous?"

"No way! At least Jack wouldn't show his nervousness!" Donnie was also dissatisfied with the temperature in the meeting room.

He did not like this kind of temperature.

On May 23rd, ten minutes before ten o'clock, several security personnel cleared the way for Jack Morgan to enter the hearing venue.

Morgan's key partner, Tom Lamont, and Morgan's representative lawyer, John Davis, walked on either side of Jack Morgan.

Amidst the explosion of camera flashes and the noise of onlookers, the world's most famous private banker walked under chandeliers and Corinthian wall lamps.

Despite the legendary nature of his name, the 66-year-old Jack Morgan remains a mystery to many Americans, as elusive as a ghost.

He did not appear intimidating, standing over six feet two inches tall, he was an elderly man with broad shoulders and a bald, egg-shaped head.

No one knew exactly what Jack Morgan felt inwardly, but outwardly he maintained a kind smile, dressed in a finely tailored three-piece suit, with a gold watch chain exposed, appearing calm and collected.

This created a stark contrast between Jack Morgan and the cool Ferdinand Pecora: the extremely conservative facing off against the confident immigrant.

As he arrived at his position, Jack Morgan demonstrated an expression as if inspecting his citizens.

Only when he saw Donnie did he reveal a slight smile and nodded a gentle greeting.

Donnie did the same.

Everyone in the meeting room looked at Jack Morgan with complex expressions at this moment.

But it was undeniable that they felt a bit excited inside.

No matter what their previous relationship with Jack Morgan was.

Seeing Jack Morgan, the emperor of Wall Street, standing at the stand at this time always brought some excitement.

It's 10 o'clock!

Jack Morgan started his statement first:

Private bankers are members of a profession that has existed since the Middle Ages, forming, over time, a code of ethics and customs rules. A banker's reputation, power, and his help to the community he serves rely on adherence to these rules.

This code can never be fully delineated by any law, but it has a power far greater than any law.

If a private banker ignores this code in his profession, he will lose his credibility, which is his most valuable asset, the result of years of integrity and honest dealings.

This credibility can be lost quickly: once lost, it is hard to regain for a long time, perhaps ever.

If I may speak of the bank I am honored to serve as a senior partner, I must say that our foremost thought is to conduct first-class business in a first-class way.

Donnie slightly shook his head after hearing Jack Morgan's statement. At this time, Jack Morgan still wanted to use this so-called unfounded credibility to exonerate Morgan; it was impossible!

As expected, Ferdinand Pecora, the head of this hearing, began his act next.

At this moment, Ferdinand Pecora was proud like a warrior.

Because Ferdinand Pecora knew very well that this hearing would be recorded in the annals of history, its impact far exceeding that of the hearing for Citibank president Charles Mitchell.

At this moment, Ferdinand Pecora's black hair was slicked back high, his chin lifted, hands waving, continuously posing aggressive questions, making the room's atmosphere very tense.