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Charles Hudson
@charleshudson
Anthony Drexel, of the long-established Philadelphia banking family, changing the firm to Drexel, Morgan & Co., with the older man again named first.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
When talking of the most important things in his life, he once said, “My family, humanity, my country, and the world. And way down here is J.P. Morgan.”
Duff McDonald • Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase
Securitization had produced the most toxic financial assets in the world – Fabrice Tourre was just one of an army of financial engineers manufacturing them – and had spread them far beyond the originating banks; revealingly, the near-total collapse of securitization in the course of 2008 was a key feature of the crisis.
Niall Ferguson • The Ascent of Money: A Financial History of the World: 10th Anniversary Edition
His power was real, grounded in his unique role in channeling the ballooning trove of American savings. One way or another, through control of boards, investment partnerships, or just implicit understandings that a bank’s or an insurance company’s investment committee would follow Morgan’s lead, he and his partners disposed of perhaps 40 percent of
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