"During the Democratic era, one link between private corporate organizations
and governmental institutions was the investment house of Dillon, Read."
From
it came such men as James Forrestal and Charles F. Detmar, Jr.; Ferdinand
Eberstadt had once been a partner in it before he branched out into his own
investment house from which came other men to politicaland military circles."
"Republican administrations seem to favor the investment firm of Kuhn, Loeb
and the advertising firm of Batten, Barton, Durstine and Osborn."
"Regardless of administrations, there is always the law firm of Sullivan and
Cromwell."
"Mid-West investment banker Cyrus Eaton has said that ‘Arthur H.Dean, a senior partner of Sullivan & Cromwell of No. 48 Wall Street, was one
of those who assisted in the drafting of the Securities Act of 1933..."
"...the first of
the series of bills passed to regulate the capital markets. He and his firm, which
is reputed to be the largest in the United States, have maintained close relations with the SEC since its creation,and theirs is the dominating influence on the Commission."
"There is also the third largest bank in the United States: the Chase National
Bank of New York (now Chase-Manhattan). Regardless of political
administration, executives of this bank and those of the International Bank of
Reconstruction and Development have changed positions:"
"John J. McCloy,
who became Chairman of the Chase National in 1953, is a former president of
the World Bank;and his successor to the presidency of the World Bank was a
former senior vice-president of the Chase National Bank."
"And in 1953, the
president of the Chase National Bank, Winthrop W. Aldrich, had left to
become Ambassador to Great Britain."

(C. Wright Mills, "The Power Elite")
You can follow @Jimmymack010.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.