1. The Three Most Significant Points from "The House of Morgan"
... Ethiopians were killed, Lamont wrote to defend Mussolini's actions, an act Chernow says "again reveals his (Lamont's) willingness to renounce principle for convenience". Although lending was based on character it seems that even if the House of Morgan made a mistake it felt bound by the moral responsibility to the client Pierpont talked of at the Pujo hearings. More so than the criteria used ... "masters of leverage (who) used each new purchase as collateral for the next", so that their "holding company was a pyramid build on nothing but faith" show that men of dubious character could s...
- Word Count: 1197
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate