Uvidende om bedrageriet, førte panikken fra 1907 til kongresefterforskningen ledt af Senator Nelson Aldrich, som havde intime tilknytninger til bankkartellerne, og senere blev en del af familien Rockefeller gennem ægteskab.
Resulting in extensive loans to small banks. Then in 1920, the Fed called in massive percentages of the outstanding money supply, thus resulting in the supporting banks having to call in huge numbers of loans, and just like in 1907: bank runs, bankruptcy, and collapse occurred.