Financial History 141 Spring 2022 | Page 5



4 Message to Members
By David Cowen , President and CEO
5 The Ticker
The Museum Finance Academy ( MFA ) certificate program for high school juniors and seniors goes national for the Spring 2022 semester .
7 Educators ’ Perspective
Postcards and the Post Office Surplus of 1911
By Brian Grinder and Dan Cooper
36 Book Review
The Revolution that Wasn ’ t : GameStop , Reddit , and the Fleecing of Small Investors , by Spencer Jakab .
Reviewed by James P . Prout
37 Trivia Quiz


The Protestant Reformers painting , circa 1700 – 1750 , modeled after the engraving series titled “ The Candle is Lighted , We Cannot Blow Out .” See related article , page 14 .


Peter A . Cohen , Chair Andover National Corporation
Andrea de Cholnoky , Co-Vice Chair Golden Seeds
Karen Seitz , Co-Vice Chair Fusion Partners
Robert Muccilo , Treasurer Consolidated Edison
Alvi Abuaf Motive Partners Private Equity
Peter Akwaboah Morgan Stanley
Gregory Bauer Moody ’ s
Marcy Cohen ING Americas
David J . Cowen , President / CEO Museum of American Finance
Sanford Crystal Crystal & Company
Lawrence A . Cunningham The George Washington University
John P . Davidson III OCC
Peter Davis EY
Charles Elson , Advisory Trustee University of Delaware
Eileen Fahey Fitch Ratings
Adam Goldstein Vettery
Martha Clark Goss American Water Works
Cory Gunderson Protiviti
Bradford Hu Citi
Carol Kaimowitz Retired Insurance Executive
Glenn Kaufman Kaufman Family LLC
Ranch Kimball Glorious Cahoots Capital Partners
Mitti Liebersohn Avison Young
Consuelo Mack WealthTrack
Joseph Mecane Citadel Securities
Elizabeth O ’ Melia S & P Global Ratings
Chris Perry Broadridge
Brad Peterson Nasdaq
Bob Pisani CNBC
Mark Shenkman Shenkman Capital Management , Inc .
David L . Shuler itBit
Maria Smith Smith Affiliated Capital ( SAC )
Richard Sylla New York University
Saul Van Beurden JPMorgan Chase
Charles Wait The Adirondack Trust Company
John E . Herzog , Chairman and Trustee Emeritus
www . MoAF . org | Spring 2022 | FINANCIAL HISTORY 3