All the Presidents' Bankers (104 page)

    
as partner and head of Morgan Bank,
11

    
Republican Party, break with,
72

    
Vanderlip, disagreement with,
44

    
warning of excessive foreign loans,
87

    
Wilson, friendship with,
18
,
54–55
,
60

    
World War I, role in,
51

Lamont, Thomas S.,
116

Lance, Bert,
303

Lansing, Robert,
58
,
64
,
66

Larragoiti, Antonio,
237

Latin America,
188–189
,
198
,
201
,
208
,
212–213
,
221–223
,
265

Lay, James Jr.,
194

Lay, Kenneth,
398

League of Free Nations Association,
65

League of Nations,
52
,
58–62
,
64–65
,
67
,
68

Least Developed Countries, debt burden of,
332–333
,
351

Lebanon,
197
,
225

    
See also
Beirut

Leffingwell, Russell,
49
,
89
,
118
,
133
,
137–138
,
148–149
,
161
,
191–192

Lehman Brothers,
408

Less Developed Countries (LDC), debt accumulation of,
302

Leverage ratios,
356
,
407

Lew, Jack,
420

Lewinsky, Monica,
381

Lewis, Kenneth,
408–409

Liberty Bank and Trust,
4

Liberty bonds,
49

Lincoln First Corporation,
337

Lincoln Savings,
352

Lindbergh, Charles,
156

Lindbergh, Charles A. Sr.,
27

Lloyd George, David,
58–60

Locarno agreements (1925),
83

Lockheed, bailout of,
279

Lodge, Henry Cabot,
57
,
62–63
,
65

Loeb, Nina,
20

Loeb, Solomon,
20

London,
227–228
,
233
,
292–293

London Whale incident,
417
,
418
,
420

Lundberg, Ferdinand,
29
,
78

Maastricht Treaty (1992),
370

MacVeagh, Franklin,
15

Maheras, Thomas,
405

Malraux, André,
240

Manufacturers Hanover Trust Company,
205
,
217
,
224
,
263
,
293
,
360
,
365

Marshall, George C.,
185

Marshall Plan,
181
,
183–185
,
189–190
,
226

Martínez, Guillermo Ortiz,
373

MasterCard,
270

Mayer, Martin,
176
,
341

McAdoo, William Gibbs,
29
,
35
,
37
,
48
,
49
,
51
,
52
,
118
,
129
,
132

McCarthy, Joseph,
210

McClellan, George Jr.,
11

McCloy, John

    
as Amherst alumnus,
79

    
antitrust laws, victory over,
214

    
Aswan Dam deal,
217–219

    
asylum for Shah of Iran, role in,
307–308
,
310

    
Bank Holding Company Bill, warning about,
216

    
banking strategies of,
211–212

    
Chase, head of,
186

    
Eisenhower, relationship with,
206
,
209
,
210–211

    
General Advisory Committee on Arms Control and Disarmament, chairman of,
234

    
investigation of,
210

    
Japan, opinion on invasion of,
176

    
Kennedy, relationship with,
244

    
oil companies and,
244
,
290

    
public office, offer of appointment to,
209

    
return to private sector,
243–244

    
as US high commissioner of Occupied Germany,
192–193

    
Warren Commission, member of,
255

    
World Bank, head of,
186–188

McColl, Hugh,
371
,
372
,
385
,
389

McCone, John,
255

McCormick, Vance Criswell,
58
,
59
,
63

McDonough, William,
386

McGarrah, Gates,
92
,
109–111

McGillicuddy, John,
293
,
365

McIntyre, M. H.,
138
,
143–144

McNamara, Robert,
294

Meany, George,
295

Mechanics and Metals National Bank,
91

Medicare program (1965),
262

Meese, Edwin III,
326

Mellon, Andrew,
70
,
74
,
77
,
80
,
82–83
,
87
,
88
,
113–114

Mellon Bill (1926),
84

Mercantile National Bank,
8

Meriwether, John,
386

Merrill Lynch,
282
,
283
,
322
,
334
,
366
,
368
,
384
,
396
,
400
,
402
,
409

Mexico,
302
,
373–375

Meyer, Eugene,
63
,
186

MF Global,
419

Middle East,
75
,
153
,
193
,
197
,
198
,
199
,
201
,
213
,
217
,
218
,
221
,
224
,
244
,
272
,
288–289

Milken, Michael,
342

Miller, Edward Jr.,
212

Miller, G. William,
306
,
312
,
317

Mills, Ogden,
116

Mitchell, Charles

    
Crash of 1929, reaction to,
100–101

    
Cuba, investment in,
222

    
as debt-structuring ambassador,
83–84

    
Federal Reserve rates, influence on,
110

    
financial strategies of,
18
,
51
,
54
,
70
,
86
,
93–95

    
Forbes Magazine
article on,
50

    
global expansion,
70
,
91

    
investigation of,
119
,
127

    
resignation from National City Bank,
119

Mitchell, John,
290

Moore, George,
223
,
247
,
248
,
251
,
261
,
265–266
,
351

Moore & Schley,
12

Morgan, Henry,
145

Morgan, J. S.,
42

Morgan, John Pierpont (J. P.)

    
congressional investigation of,
18

    
death of,
34

    
financial holdings,
2

    
international influence of,
4–5

    
investigation of,
27
,
32–34

    
loss of investment in
Titanic
,
27

    
New York Times
and,
12

    
organization of 1907 bank bailout,
8–12

    
side deals with Theodore Roosevelt,
8
,
12

    
US Treasury, loan to,
5

Morgan, John Pierpont “Jack” Jr.

    
attempted assassination of,
45

    
code of ethics speech,
86

    
Depression, blame of Federal Reserve for,
131

    
FDR, friendship with,
139

    
Germany, loan to,
80

    
as head of J. P. Morgan & Company,
34

    
investigation of,
128–129
,
131
,
147

    
subpoena of by Foreign Relations Committee,
62
,
63

    
World War I, role of during,
18
,
41–43
,
47–48

Morgan, Junius Spencer,
14

Morgan Bank (J. P. Morgan & Company)

    
in 1958 recession,
224

    
in Asian crisis,
380

    
financial strategies of,
72
,
73
,
89

    
foreign bond issues by,
87

    
international lending policy of,
184

    
mergers,
217
,
225–226

    
Morgan Stanley and Company, creation of,
144

    
ties to Italy,
78

    
See also
JP Morgan Chase
;
Morgan Stanley

Morgan Guaranty Trust,
224
,
226

    
See also
JPMorgan Chase
;
Morgan Stanley

Morgan Stanley and Company,
144
,
396
,
402
,
407
,
408

Morgenthau, Henry,
133
,
150
,
160–161
,
165
,
168–170
,
172

Morrow, Dwight,
59
,
79
,
81

Morse, Charles,
8–9

Mortgage-backed securities,
403
,
406
,
420

Moynihan, Brian Thomas,
409

Mozilo, Angelo,
409

Muckrakers,
6–7

Multicurrency loan agreement,
269

Munich Agreement,
153

Municipal Assistance Corporation (MAC),
298–299

Mussolini, Benito,
77
,
148
,
154

Mutual funds, consequences for banks,
230

Mutual Security Program,
210–211
,
212
,
230

Nabavi, Behzad,
316
,
318

Nader, Ralph,
330

NAFTA (North American Free Trade Agreement),
370
,
372

NASDAQ,
282

Nasser, Gamal Abdel,
218
,
221
,
273

National Advisory Council,
181
,
185–186

National Banking Act of 1863 (with revisions in 1864 and 1865),
36

National City Bank

    
in 1958 recession,
224