Word: davids
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Dates: during 1970-1979
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...least three people turned down the top Fed job: David Rockefeller of the Chase Manhattan Bank, A.W. Clausen of Bank of America and Robert Roosa of Brown Brothers Harriman & Co. investment bankers. The final choice came down to Volcker and Bruce MacLaury, president of Brookings. When Carter phoned Volcker last Tuesday, the banker's main concern was to make sure that he and the President agreed on the independent role of the Federal Reserve. "I am satisfied on the basis of my conversations with the President that he has a good understanding of the problems," Volcker said later...
Presidential aides in Washington said that Carter had been repeatedly told at Camp David that he needed someone of stature at the White House who had close contacts in top intellectual, political, diplomatic and financial circles. Donovan, who has known Carter since he was Governor of Georgia, was suggested for such a role by Sol Linowitz, chief U.S. negotiator of the Panama Canal treaties (and a member of Time Inc.'s board). After a long talk with Carter at the White House, several calls from other Administration officials, and two days of personal deliberation, Donovan decided to accept...
...urged approval of the accord, he stressed that U.S. military forces must be bolstered to offset Moscow's continuing arms buildup. That SALT II would be no substitute for accelerated U.S. defense spending was argued even more strongly by five other witnesses, the Joint Chiefs of Staff. Chairman David Jones warned the Committee against "the risk that SALT II could be allowed to become a tranquilizer to the American people." Said he: "If the nation accepts the SALT II agreement, it does so with a full understanding that we will be required to undertake a series of important strategic...
...insatiability; they were blaming him for much more history than he should be held accountable for. Still, they were right to judge Carter harshly as a leader. In fact, he seems to have judged himself just as severely, as he suggested in his address to the nation after Camp David...
...Franklins as in 1776. But there is nothing which calls their kinds of talents and energies automatically into the public sector. They have available chairs of classics at Brown University and directorships at Gulf Oil, what have you." A Southern Governor agrees: "It was probably much easier for David Rockefeller to be chairman of the Chase Manhattan Bank, a powerful position in which he exercised leadership and control, than to weather the strains of public office, as did his brother Nelson...