CRIME: Easy Money

"Banks," wrote FBI Chief J. Edgar Hoover in a recent warning sent to bankers, "are an almost irresistible attraction for that element of our society which seeks unearned money." Hoover urged that, to resist, banks install armed guards, electronic alarms, tear gas and other protective devices. All these cost money, which banks are reluctant to spend, a fact that makes them even more irresistible.

One morning last week three men accosted a young New York bank clerk as he was leaving his home in New York City's borough of Queens. They ushered him into his...

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