Chairman Leo Thomas Crowley of Federal Deposit Insurance Corp. was about to leave his room in Milwaukee's Hotel Schroeder one day last week and go downstairs to address the Wisconsin Bankers Association, when someone rapped on his door. In stepped a process server with a subpoena. Would Mr. Crowley please come right away? The Grand Jury could not wait. Mr. Crowley shook his head. frowned, remonstrated, finally went. While the Wisconsin bankers thrummed their fingers for 30 minutes, the Grand Jury extracted from Mr. Crowley all he knew about closed banks in Milwaukee...
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