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Jack Morgan might have the minds of other American bankers, but Ivar had the hearts of American investors, and those investors now had the power. Ivar didn’t need to lend his own money to France. Instead, he could act as an intermediary, raising money from the Americans and lending their money.
Frank Partnoy • The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
