ECON 319 Chapter Notes - Chapter 8: Chase Bank, Justice Of The Peace
9 Feb 2017
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Goldman sachs and company rescued its firm name from its delinquent offspring and returned to an earlier role of stricture rectitude and stern conservatism. It became known for its business in the most austere of securities. New york"s 2 biggest banks chase and national city suffered severely in the aftermath, but the chase was more fortunate. Wiggin held) negotiated a loan of 42,506 shares of chase stock and sold them at good prices (short selling) then obtaining. 4/5ths of which equalled 360 in cash the stockholders of com exchange would take the money: to buy out all the com exchange stockholders for cash would cost nc around. This wiped out the tax liability of 1929. But jp morgan was not notified of the change of ownership of the stock they held. o later mitchell reacquired the stock from his wife also at the price of 212. Before this, there was a further sickening slide of stock price and had.
