THE GROUND UNDER THE BUSINESS Book 4
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New Bedford, Wall Street, Chicago and New York, 1834 to 2008. Three American fortunes are kept in the same instrument and almost nobody notices, because a mortgage is not a building and does not photograph. Hetty Green lends whaling money against other people's land and takes the land when the interest stops. Joseph Kennedy converts a speculator's cash into rent rolls and puts the rent rolls in trust for people not yet born. Francis Greenburger buys New York tenements with borrowed money and no equity at all, and discovers that the apartments inside them can be sold separately from the building. What connects them is the paper: who holds it, what it costs, and what happens when the payment is late. Covers Hetty Green, Joseph P. Kennedy, Francis Greenburger, and Time Equities.
Listen
Part 01
4:27:17
Part 02
4:39:33
Part 03
5:15:24
Part 04
4:38:07
Books in this series
- THE GROUND UNDER THE BUSINESS Book 1
4 parts · 16 h 45 min
- THE GROUND UNDER THE BUSINESS Book 2
4 parts · 15 h 30 min
- THE GROUND UNDER THE BUSINESS Book 3
4 parts · 14 h 2 min
- THE GROUND UNDER THE BUSINESS Book 4
4 parts · 19 h 0 min
- THE GROUND UNDER THE BUSINESS Book 5
4 parts · 15 h 29 min
- THE GROUND UNDER THE BUSINESS Book 6
4 parts · 16 h 35 min