Sunday, 26 May 2013

Norman Dodd's Shocking and compelling Story

What do we make of this one then?

Norman Dodd worked as a junior officer at one of the "Morgan" banks during the 1929 crash. Despite promising career prospects, he felt unable to continue his work after he discovered that the banks were committed to "unsound" banking practices.

In 1953, he became director of research of the "Reece committee" which was commissioned by the house of representatives to determine whether the activities of the large tax exempt corporations were acting in a way which was "Un-American"

He provides a very lucid account of what happened there.