Like most bankers, Amadeo Peter Giannini has no use for the New Deal. Unlike most, he has no use for Wall Street either. His quarrel with Wall Street dates from 1931, when, in a famous proxy fight, he came out of retirement to oust Elisha Walker (now of Kuhn, Loeb) from the chairmanship of Transamerica Corp., which controls 495-branched Bank of America, fourth largest U. S. bank. His quarrel with the New Deal began in 1938. Late that year SEC, threatening to delist its stock, charged that Transamerica's registration statement contained "false...
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