Business: Whitewash in Detroit

Early last June a Michigan judge mounted his bench as a one-man grand jury to hear the history of the decline and fall of Detroit banking (TIME, Sept. 4 et ante). For three months the prosecutor deployed scores of witnesses across the stand. Last week Judge Harry B. Keidan declared the show over and handed down his findings: 1.) that there was no evidence of criminal action on the part of Detroit's bank officials; 2) that there was no evidence of "smart money" withdrawn prior to the St. Valentine's Day closing; and 3) "most...

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