Roberts addresses limits on US aid and allied credit conditions
George K.B. Roberts of National City Bank notes US production capacity and private enterprise must fund world recovery. He says high domestic taxes and tax exempt securities limit investor interest in foreign credits, urging coordinated capital mobilization and realistic international expectations.
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Reparations bonds criticism from American bankers
American financiers oppose German reparations bonds being offered in the United States arguing the 5 percent bonds would not fit the American market and could destabilize markets. They warn that a flood of such foreign offerings might depress prices and hinder European recovery while offending indemnity recipients and Germany. Continued discussion noted on page 2.
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