Stock Market Crash

"The Worst Hard Time" page 77: "In New York, men in suits were selling apples on the streets, a nickel a pop. They were at every street corner. Even millionaires were scared.
"I'm afraid I'm going to end up with nine kids, three homes, and no dough," Joseh Kennedy, the patriarch of America's best-known Irish-American family, told a friend.
The stock market's loss was up to fifty billion dollars. In three months' time, two million Americans lost their jobs..."

Now this passage is a little confusing with the Kennedy quote. I can't tell from the notes what is the source...or who the family friend was.

Edward Kennedy was not born until February of 1932, which made 9 kids...so I suppose the quote was post Edward's birth or during Rose's pregnancy perhaps.

But I'm wondering when and why he made the statement.... Kennedy largely was out of the stock market when the bottom fell out - having sold for high profits in 1928. As the JFK library profile says "He had largely pulled out of the market before the infamous October crash and the family's finances remained largely unaffected throughout the 1930s."

Curious about who he said it to though...and under what context.