Word: schenker
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Dates: during 1940-1949
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Back to private law practice last week went handsome, cigar-eating David Schenker, head of SEC's investment-trust division. A fixture in Washington since SEC began, able Dave Schenker was counted out for a Commissioner's seat after he got on the wrong side of a couple of political fights...
...Boss Bailie's good friend Henry Morgenthau. When he told him about his idea, Morgenthau decided it fell into SEC's bailiwick, called over Jerome Frank, who took along his stock-market regulator, Ganson Purcell, and his investment trust muckraker and regulator, cigar-rotating, handball-playing David Schenker. When Quinn laid the idea on the table, Frank quickly recognized it as one of his fondest...
Late last week a committee of worried investment trustmen met with Schenker in Washington, were reassured. They were told that the Government is exploring the pool idea because it fears that the investment bankers won't handle many of these deals. But since bankers, fire-insurance companies and anyone else who wants to are free to compete for the properties, there need be no fear of criticism for taking advantage of the British on price. Another incentive to fair pricing: RFC can always decide what is a "fair" sales price for these properties, lend the full amount...
...about investment trusts in four years of study. It was assembled and mentally digested by Republican SECommissioner Robert E. Healy-onetime muckraker for the Federal Trade Commission-with the aid of 45 research workers, lawyers and statisticians. The bill which embodies their conclusions was drafted by SEC Attorney David Schenker, a 40-year-old, smart, cigar-masticating, witness-softening lawyer...