The so-called alliance of Jewish banks had pooled their holdings, hoping to negotiate a better deal by selling as a bloc. But this was Wall Street—a place where the words "collective action" and "cooperation" were little more than myths. Here, legends were born from inflating stocks before dumping them on unsuspecting buyers or flipping cheap stocks for exorbitant profits.
Jonathan had no intention of letting them dictate terms.
"Send word to every bank. They have until our capital runs dry to sell their bonds. The longer they wait, the lower the price we'll offer. Starting now, every latecomer's bonds will be purchased at 10% less than the previous seller's."
"Ah, a race to the bottom. You're leaving them no room to unite."
