All the Presidents' Bankers (103 page)

Great Depression,
107
,
109–110
,
111
,
114
,
118–120
,
146–147
,
151

Great Society initiatives,
253

Greenberg, David,
83

Greenspan, Alan,
343–348
,
350
,
353
,
381
,
386
,
387
,
400

Greider, William,
13
,
38

Grey, Edward,
45

Griesa, Thomas,
312

Grobe, Edward,
23

Grossman, Max,
168

Grubman, Jack,
399
,
400

Guaranty Trust,
215
,
217

Gulf Oil Company,
74

Gutt, Camille,
175

Hagerty, James,
210

Haig, Alexander,
284
,
294

Halloran, Mike,
371

Hammarskjold, Dag,
219

Hanover Bank,
4

Harding, Warren G.,
67
,
70
,
71
,
73
,
74
,
78

Harriman, Edward Henry (E. H.),
3
,
6

Harrison, William,
396
,
398
,
402

Hauge, Gabriel,
205–206
,
207
,
221
,
224
,
263
,
283

Haughton, Daniel,
279

Hayes, Alfred,
249

Hearst, William Randolph,
6
,
140

Hedge funds,
378
,
386
,
407

Heinz, John,
363

Heinze, F. Augustus,
8–9

Heller, Walter,
239–240

Hill, James,
3
,
6

Hitler, Adolf,
148
,
153–154
,
176

Holding companies,
216
,
277–280
,
333–335
,
338
,
353
,
378–379
,
382
,
388

Hollins, Harry,
9

Hoover, Herbert

    
bankers, post-Crash conference with,
102

    
Belgium, report on economic situation of,
55–56

    
Depression, blame for,
114

    
economy, denial of true state of,
106

    
election of 1928,
88

    
on European economic crisis,
64

    
excessive private loans, concern about,
82
,
85

    
German debt moratorium,
112

    
Reconstruction Finance Corporation, establishment of,
114

    
as secretary of commerce,
74

    
World War Foreign Debt Commission,
75

Hoover, J. Edgar,
255

Hormats, Robert,
387

Hotel Manhattan, meeting at,
10–12

House, Edward,
35
,
45
,
48
,
51
,
58

House Banking and Currency Committee,
27–28

House Un-American Activities Committee,
189
,
210

Houston, Frank,
174

Howe, Andrew C. Jr.,
383

Hughes, Charles Evans,
46
,
75
,
76
,
79

Hulbert, Mark,
313

Humphrey, George,
204

Hybrid derivatives products,
363–364

Hyde, Henry,
4

Hyland, William,
176

Ibn Saud,
200

IMF.
See
International Monetary Fund

Income tax, imposition of,
34

Inflation,
169
,
177
,
284
,
290
,
305
,
306
,
319
,
326
,
330

Interest equalization tax,
269

Internal Security Act of 1950,
210

International Advisory Committee,
272

International Bank for Reconstruction and Development.
See
World Bank

International Bank of Iran,
291

International Development Advisory Board,
190

International Monetary Fund (IMF),
165
,
171
,
285
,
294
,
332–333
,
349
,
351
,
380

Interstate Commerce Commission,
42

Interstate Highway Act of 1956,
216

Interstate Trust Company,
123

Investment banks

    
deregulation,
323
,
334
,
362–365
,
378
,
392

    
London, offices in,
293

    
perceived need to increase leverage,
395
,
402

    
risky practices of,
402–403

    
shares, sales of,
282

Iran,
291
,
306–307

Iran hostage crisis,
310–318

Iron Curtain,
175

Isolationism

    
during Coolidge’s presidency,
78–79

    
during Harding’s presidency,
69–75

    
post-World War I,
58
,
62
,
63
,
67

    
pre-World War II,
147
,
148
,
154–155
,
156
,
178

    
in 1950s,
197

J. Aron,
364

J. P. Morgan & Company.
See
Morgan Bank

J. P. Morgan Securities,
348

Japan,
66
,
176

Jekyll Island, Georgia,
4
,
22–25

Jekyll Island Club,
22–23

Joel, Billy,
299

Johnson, Baxter,
187

Johnson, Lyndon B.

    
accomplishments of,
270–271

    
Alliance for Progress, use of by bankers,
264

    
balance of payments deficit, concern about,
259
,
269

    
bank mergers, facilitation of,
263–264
,
278

    
bankers, relationship with,
250
,
251–252
,
254–255
,
259–263
,
267
,
269

    
as conservative Democrat,
253

    
election as president in 1964,
258

    
Great Society initiatives,
253

    
international capital flows, control of,
269

    
John Jones, deal with,
263

    
Kennedy, contrast to,
254–255

    
tax cut bill,
253

    
Vietnam War,
255
,
257
,
258
,
260
,
266
,
268

    
War on Poverty,
259

    
war surtax bill,
268

Jones, John Jr.,
263

Jones, Reginald,
295
,
325

Jordan, Hamilton,
314

Josephson, Matthew,
3

JPMorgan Chase,
331
,
396–397
,
402–403
,
407
,
411
,
416
,
418

    
See also
Morgan Bank

Junk bonds,
341–342
,
392

Kaden, Lewis,
405

Katzen, Sally,
382

Kean, Benjamin,
309

Kearney, Daniel,
353

Keating, Charles,
353

Keating Five scandal,
352–353

Kellogg, Frank B.,
78

Kennedy, John F.

    
Alliance for Progress,
236
,
247

    
Amherst College speech,
247

    
assassination of,
248

    
balance of payments deficit,
240
,
245

    
bankers, relationship with,
231–232
,
239
,
241

    
capital-restraining proposals,
241

    
Cuban missile crisis,
242–243

    
domestic agenda of,
244–245

    
election to Congress in 1946,
193

    
Eurodollar accounts, concern about,
245

    
monetary flow,
248

    
Rockefeller-Kennedy letters in
Life
magazine,
240–241

    
steel industry, confrontation with,
238

    
tax proposals,
239

    
trade initiative,
241
,
256

Kennedy, Joseph Patrick,
139–141
,
231
,
249

Kennedy, Kathleen,
231

Kennedy, Robert,
244
,
264–265
,
270–271

Keynes, John Maynard,
165
,
170–171

Khomeini, Ayatollah Ruhollah,
307

Khrushchev, Nikita,
235
,
243
,
256–257

King, Martin Luther Jr.,
271

King, William Henry,
101

Kintner, Robert,
268

Kissinger, Henry,
272
,
290
,
292
,
307
,
308

Knickerbocker Trust Company,
9

Korean War,
195
,
197
,
200–201
,
208

Kovacevich, Richard,
371
,
372

Kuhn, Loeb & Company,
3

Labrecque, Thomas,
360
,
361
,
371
,
372

Lamont, Robert Patterson,
88

Lamont, Thomas

    
on capital “lockout,”
151–152

    
Crash of 1929, reaction to,
99

    
death of,
191

    
European war debt repayment,
70–71
,
76–77

    
FDR, relationship with,
121–122
,
141
,
157
,
161–162
,
164

    
Foreign Relations Committee, subpoena by,
62

    
on Hitler,
153

    
as international banker/diplomat,
73–74
,
77–78
,
150
,
152–154

    
investigations of,
128
,
147

    
League of Nations, support of,
65–67
,
72

    
letter to Hoover on stock market,
95

    
Morgan Stanley and Company, creation of,
144

    
Mussolini, ties to,
77–78
,
150
,
154

    
at Paris Peace Conference,
58–60