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Word: coddler (lookup in dictionary) (lookup stats)
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Small Fry Coddler. He bought small bond issues of rural school districts, which no one else would touch. When lack of bids threatened the whole Golden Gate Bridge project, A.P. bought the bonds. He also coddled the small fry: any regularly employed person can borrow up to $300 on his signature alone. When the Securities and Exchange Commission objected to some of his operations, A.P. defended himself by attacking. He haled the SEC into court...

Author: /time Magazine | Title: BANKING: The New Champ | 10/15/1945 | See Source »

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