As it happened, I was rummaging around in Felix Frankfurter’s correspondence on the Securities Act of 1933 a few days before the House of Representatives passed its comprehensive bill reforming the nation’s financial sector. I already knew from the thoroughly researched studies of Michael Parrish, Joel Seligman, Joseph Lash, and Robert Thompson and Adam Pritchard that Frankfurter believed the corporate bar had advised investment bankers to postpone new issues to build up pressure to amend the statute.Read More...
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