Business: Ciphering

20 COMPANIES LENT 20 BILLIONS IN 1929 IN CALL LOAN BOOM.

Newspaper headlines like that crackled throughout the land last week as the Senate Banking & Currency Committee let fly a final broadside before starting hearings this week on the securities control bill, Ferdinand Pecora, committee counsel, was quite aware that such a revelation would leave John Citizen convinced that Big Business had outdone itself in helping to blow up the speculative bubble of 1929. ''If the complete story were available, the amount would have been many times 20 billions of dollars," Inquisitor Pecora added....

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