11/08/1933
https://www.presidency.ucsb.edu...
"We should apply the same principle to corporations."
"The objective of the bill is to eliminate the intermediate companies so that the $7 will go up to the top substantially intact."
"I don't see why not."
"I should say you are absolutely right, but I hesitate to say so on the record for fear somebody would start a boom in North American stock."