Herbert Hoover actually said...

"From the inspiration and the ideals which gave birth to this Nation, there has come the largest measure of liberty that man has yet devised."

"Individuals who use the facilities of the exchange for such purposes are not contributing to recovery of the United States."

"But during the latter part of January, despite these steps, there was a large increase in the short account which unquestionably affected the price of securities and brought discouragement to the coun..."

"I and the other administration officials again expressed our views to the managers of the exchange that they should take adequate measures to protect investors from artificial depression of the price ..."