Why did Continental choose Morgan to lead the rescue—a choice so re...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
Why did Continental choose Morgan to lead the rescue—a choice so reminiscent of 1907 and 1929? “Morgan Guaranty was the obvious choice,” explained a former high Continental official. “It had the strongest financial situation and an unquestioned reputation.” Morgans was also Continental’s twin.
chapter: 33. Traders