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Word: foreign-debt (lookup in dictionary) (lookup stats)
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...International Economic Conference and at the Pan-American Commercial Conference, a foreign-debt bogeyman came to the Chamber's assembly. He was Thomas W. Lamont (J. P. Morgan & Co. partner) who warned against indiscriminate lending of money abroad. U. S. investment bankers are competing so strenuously to place clients' money, that they are demoralizing European governments...

Author: /time Magazine | Title: Business & Finance: Assemblies | 5/16/1927 | See Source »

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