Word: crowley
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Dates: during 1940-1949
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...months Washington had known that white-haired Leo Thomas Crowley, boss of the Federal Deposit Insurance Corp. and the Foreign Economic Administration, would step out of the Government as soon as he considered his war duties done. Last week he stepped out, calm, neat and precise as ever-but hopping...
...Crowley was in the midst of the Anglo-American economics talks (see INTERNATIONAL) when he sat down and wrote out his resignation from FDIC, a post he had held since the dark days of 1934. In his letter to the President he said nothing about resigning from FEA, but Harry Truman promptly accepted his resignation from both jobs. Then the President wiped out FEA, handed its most important functions to the State Department...
There were reports that Crowley may have written a separate letter about FEA. Whether he did or not, insiders surmised that he was furious on two counts: 1) because FEA's handling of surplus property abroad had gone to the State Department; 2) because he had been fighting a minority battle against easy terms to the British. Banker minded Leo Crowley, who had suggested the brusque termination of Lend-Lease to Britain, wanted no part of arrangements with England such as grants-in-aid or non-interest-bearing loans...
...branch of Leo Crowley's FEA, the Government-owned U.S. Commercial Co., will sell the paintings to U.S. buyers...
...long been on record that it would end when hostilities ended; that was the law's language-as official Britain well knew. Well did Britain also know that the machinery for continuing U.S. foreign aid had been set up in the Import-Export Bank (see BUSINESS). Leo Crowley's Foreign Economic Administration was geared to make such loans effective in less than 24 hours...