Other People's Money and How The Bankers Use It

By: Brandeis, Louis D.

Other People's Money and How The Bankers Use It by Louis D. Brandeis Excerpt le men possessed of large fortunes; but the most potent factor in their control of business is not the possession of extraordinary ability or huge wealth. The key to their power is Combination -- concentration intensive and comprehensive -- advancing on three distinct lines: First: There is the obvious consolidation of banks and trust companies; the less obvious afhliations -- through stockholdings, voting trusts and interlocking directorates -- of banking institutions which are not legally connected; and the joint transactions, gentlemen's agreements, and "banking ethics" which eliminate competition among the investment bankers.

• Format: Paperback
• Language: English
• ISBN: 1727086260
• ISBN13: 9781727086263
• Release Date: January 1
• Publisher: Createspace Independent Publishing Platform
• Length: 274 Pages
• Weight: 0.81 lbs.
• Dimensions: 0.6" x 6.0" x 9.0"