Different takes on how finance makes America great had about 450 guests perking up their ears Wednesday evening.
Two perspectives came from the honorees at the annual gala of the Museum of American Finance in New York: Larry Summers, former Treasury secretary under President Bill Clinton and director of the White House National Economic Council in the Obama administration, and Joe Ricketts, a billionaire entrepreneur and Republican donor who backed President Donald Trump, and whose son Todd has been appointed deputy Commerce secretary.
Neither honoree referred to Trump directly, but their pointed words in the second busy week of Trump’s presidency were hard to miss.
“It was two political speeches from different sides of the aisle,” said Tim Hockey, chief executive of TD Ameritrade, as he picked up his coat at the end of the evening.
Guests included hedge-fund titans Paul Singer, Ray Dalio and Ken Griffin, whose Citadel Securities is TD Ameritrade’s market-maker.
Ricketts opened in a folksy manner recalling a sociology teacher of his in the ’60s who said America is rich because of its natural resources. “When I got out of school into the real world, I found out, you know, that really wasn’t true,” he said. “The thing that made us strong and prosperous was free enterprise. And free enterprise doesn’t happen without…