 During or after the 1929 stock market crash he was assigned by his superiors the task of restructuring the bank he was working at, after a period of which he recommended what at the time was referred to as "sound banking".He was told by his superiors that his recommendations would not be implemented because "we will never see sound banking in the United States again".Dodd's claims about his investigative work have become the cornerstone of theories implicating the Carnegie Endowment for International Peace, Ford Foundation, and the Rockefeller Foundation, among others.