In Chapter IX, Galbraith used the symbol of evil to describe the vilification of the stock exchange by the political economy. The public wanted a scapegoat, and the previous religious reverence or stocks turned to a religious detest. As the general public suffers financially during the crash, policy makers and the judicial system was pressured to find a “culprit” for the crisis. Richard Whitney, the president of the New York Stock Exchange, and a dishonest and arrogant financier, was trialed and arrested for grand larceny. As more investigations are launched on other stock brokers, little evidence of wrongdoing was found, as Galbraith described that the investigations concluded “most brokers were honest as a matter of absolute routine”. Rather
