Magazine content is available exclusively for TIME subscribers.BANKING: The Big Banker
(See Cover) // you would know the value of money, go and try to borrow some.
—Ben Franklin
Through the palm-decked lobbies of Miami Beach's best hotels this week strolled 6,000 men who know the value of money. For the delegates to the annual convention of the American Bankers Association, the subject came as natural as breathing. Among them there was a strong note of worry. Reason: money has become so tight that the situation has raised grave questions for the bankers—and for the U.S. How much higher will interest rates go? How...
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