Between the Sphinx and the Bank Vault
by Alon Raab
1929
“Between the sphinx and the bank vault, there is a taut thread that pierces the heart of all poor children,†cried Federico Garcia Lorca after visiting Wall Street in 1929. His vision sharpened by gathering storms of fascism, in his native Spain and across the European continent, compounded by new forms of corporate control in the US, and a broken heart over unrequited love, he poured his soul into the powerful “Poet in New York†poems. Visiting Wall Street, the sidewalks barely swept of fall leaves and the remains of leaping bodies — smallâ€time investors convinced that untold wealth shall be theirs only to see lifeâ€savings vanish, and of the occasional banker who followed their lead â€â€ his eyes pierced Capitalism’s many veils.
Wall Street â€â€ built on Iroquois and Algonquin land, named for the wall that the Dutch colonists erected to keep the English and the Indians away. Soon, the Dutch West Indies Company, early and major importer of slaves, brought them to New Amsterdam, too. Auctions in human flesh were held nearby, a connection deepened by major banks and investment firms turning money from slave transactions to new gold and influence. Later, a place giving birth to economic shenanigans and scams, crises and broken dreams â€â€ vast fortunes for the few, misery for the many. (more…)