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¶ James Paul ("Jimmy") Warburg stepped into the glare of the New Deal not long after he was made vice chairman of Bank of the Manhattan Co. in 1932. The sharp-witted son of the late great Paul Moritz Warburg stood close to President Roosevelt's financial ear in those first dazzling days, changed sides at the London Economic Conference in 1933, has since devoted his energies to a liberal and enlightened presentation of the case against the New Deal. Thanking his directors for tolerating his long and frequent...
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