Word: walle
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Dates: during 1940-1949
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...hole in the boat to let the water out. Since they were first borrowed from the British Parliament, congressional investigations had proved to be a useful weapon. A Senate committee headed by Tom Walsh had uncovered the scandal brewed in Teapot Dome. Out of the Pecora investigation of Wall Street had come the Securities and Exchange Commission; out of the Senate War Investigating Committee had come the exposure of war-profiteering Representative Andy...
...Fascistes. . . ." On the curb, propped up against the wall, sat a dark woman; her dress had been torn off, and her naked left breast had been blackened by blows. Her hair fell over her shoulders, and she was sobbing heartrendingly. Her name was Lise Ricol, and she is a prominent member of the Communist "Union des Femmes Françaises...
Said Attorney General Tom Clark: "This case is one of the largest and most important in the history of the antitrust laws." Said the accused: "Utter nonsense," "fantastic," "ridiculous." With such give & take, the long-heralded battle between the Government and Wall Street's investment bankers was finally joined last week. Thanks to newspaper stories that "leaked out" to Washington reporters in the last month, Wall Street was not surprised by the civil suit filed in a New York district court by the antitrust division of the Department of Justice. It charged 17 of the biggest U.S. investment banking...
...high in the Administration and all ex-members of defendant firms, be dragged into the suit? No, said Clark. Only officials currently in the firms are affected. But the case might still be politically embarrassing to the Administration. The Russians, who have been bitterly attacking ex-Wall Streeters in the Truman Administration, would scarcely overlook a chance to fire another round with ammunition furnished by Tom Clark...
Plan of Battle. Most Wall Streeters thought that the suit was designed chiefly to make competitive bidding compulsory. It is now optional for industrial security issues. Unnamed in the suit was the second largest (next to Morgan Stanley) investment banking firm in the U.S.-Halsey, Stuart & Co., of Chicago, which has long advocated such competition. The only financier to applaud the suit was another champion of the same cause, Cyrus Eaton, of Cleveland's Otis...