Word: banke
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Dates: during 1940-1949
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...fierce and profane triumph. He still had enemies, but he had smitten the big ones hip & thigh. Wall Street, and the "goddamned Eastern bankers" who had once tried to swallow him, could only watch him impotently now, with half-reluctant admiration. This week, after 42 years of struggle, his Bank of America National Trust & Savings Association, which covers California with 494 branches in over 300 cities, had become the biggest private bank in the world. Once before, Bank of America had passed Manhattan's Chase National Bank in total deposits, only to be overtaken again...
Then, in a bombshell decree that took Buenos Aires businessmen completely by surprise, the Government nationalized the Central Bank of Argentina and moved in on the business community. This" was the explanation...
...taking over the bank, in which the Government had hitherto held only a part interest, Peron obtained for the state "its sovereign right to issue money," and what was more immediately important, the right to borrow enough money to finance his huge military program. Argentina's military government has not come near balancing its budget since it seized power nearly three years ago. In that time the budget doubled, with military expenditures accounting for nearly half of the total. Peron's schedule for air-base construction alone-most of it along the Brazilian and Paraguayan borders-will cost...
Juan Peron took satisfaction in dealing a swift kick to the men he once called "those 500 bums in the Stock Exchange." To run the new bank the Argentine strong man picked stout, fiftyish Miguel Miranda, who learned to take orders long ago as president of the government-controlled Industrial Bank. Out of their positions as head of the Stock Exchange and of the potent Industrial Union (equivalent to the National Association of Manufacturers) went Eustaquio Mendez Delfino and Luis Colombo, whose opposition to Peron's campaign-timed bonus and wage-rise decrees had not been forgiven. Into their...
...public school known as Dunmere, students learn what the self-righteous Headmaster calls "the three Cs: Christianity, the cold bath and cricket." They notably fail to learn a big D: democracy. Even among themselves, these young sons of bishops and colonels and bank directors practice an exquisite snobbishness. A boy's standing depends largely on whether his "pater" has "tons of tin" and what expensive delicacies stock his "grub box." The healthy mind in a healthy body, classic goal of public schools, degenerates into a mens corrupted by smut and a corpus battered by flogging...