Word: mayer
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Dates: during 1970-1979
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...MARTIN MAYER...
Understanding the changes that have taken place inside the sleek temples of modern finance would require a cram course in the complex ways of banking. Fortunately Martin Mayer has done the necessary homework for interested laymen: he offers a clear, detailed and well-paced book about one of the nation's least understood institutions...
...Mayer, an economic expert and probing author of such books as Madison Avenue, U.S.A. and The Lawyers, examines the standards used by banks to decide who will-and who will not-get a personal loan. He looks into the cozy relationships between many senior loan officers and their favorite corporate clients and considers the swelling torrent of bank paper work-28 billion checks in 1974 alone-that each year threatens to swamp the entire system...
...more serious, in Mayer's view, is that banking's rush to expand could be setting the stage for a monumental economic disaster. Banks, he notes, have now spread their operations to include major leasing firms and finance companies. Almost any bank that can afford a brass name plate has opened branches in Europe, Asia, South America and elsewhere. All this, Mayer believes, has focused bankers' attention away from their basic task of channeling the idle money of businesses and individuals into productive uses that promise to benefit the entire economy...
...Mayer suggested several methods of increasing agricultural production, including the introduction of new technology, the production of larger supplies of fertilizer, and transformations in the social structure of some nations...