The painful limits of power have never been felt more keenly by Vice President Nelson Rockefeller and his youngest brother David, chairman of New York's Chase Manhattan Bank. For weeks they had been pleading for federal help to prevent a default by New York City. The personable, thoughtful banker had often traveled to Washington to meet with Ford and to testify before the Senate Banking Committee. His message: the reverberations of default could badly damage the U.S. and world economies. It was David Rockefeller, in fact, who persuaded Brother Nelson to change his...
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