Dale Wharton wrote: > .. . . > Through the 1940s Seldes wrote America's first journal of press > criticism, a weekly newsletter called In Fact (it inspired I F Stone's > Weekly). Shortly after WW2, Seldes got wind that antitrust lawyers > were looking into investment banking. The US Department of Justice > claimed that 57% of the entire nation's securities business issued > through six NYC firms: . . . A very entertaining book about Wall Street between the world wars which provides historical background for this is "Once In Golconda." (Golconda was the subject of an Indian legend to the effect that anyone who was able to find the city would leave a rich man.) MS ==================================================== Max B. Sawicky 202-775-8810 (voice) Economic Policy Institute 202-775-0819 (fax) 1660 L Street, NW [EMAIL PROTECTED] Suite 1200 Washington, DC 20036
