THE ADMINISTRATION: Exit

For months Washington had known that white-haired Leo Thomas Crowley, boss of the Federal Deposit Insurance Corp. and the Foreign Economic Administration, would step out of the Government as soon as he considered his war duties done. Last week he stepped out, calm, neat and precise as ever—but hopping mad.

Leo Crowley was in the midst of the Anglo-American economics talks (see INTERNATIONAL) when he sat down and wrote out his resignation from FDIC, a post he had held since the dark days of 1934. In his letter to the President he said nothing about resigning from...

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