Burgess Warns Morgenthau of Government Securities Risks
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
In July 1940, Burgess approached Morgenthau to discuss the government securities market, which was behaving quite well under the circumstances but which he feared could falter if the government raised too much debt too quickly.
chapter: Chapter 8: The Early to Mid-1940s: World War II, Bankers, and War Bucks