"Such was the nature of Morgan involvement in Mexico, with Tom Lamont serving as chairman of the International Committee of Bankers on Mexico--the splendidly initialed ICBM.... Like the China consortium meetings, the ICBM meeting were held at 23 QWall Street. It was the same act of ventriloquism: the State Department talked, and Tom Lamont moved his lips. The Mexicans preferred this charade, for it enabled them to bargain with Washington while being spared the public stigma of negotiating with a gringo government. Private banks such as Morgans were perfect channels for frank exchanges between Washington and foreign governments." --p. 238-9 The House of Morgan by Ron Chernow.
Posted on: Mon, 01 Jul 2013 23:02:36 +0000