Guaranty Trust

The intriguing story of how Robert Gordon Wasson, a professional banker, partner and vice-president of the Morgan Guaranty Trust Company of New York, found himself ingesting the sacred mushroom on a remote Mexican mountain top, is worth repeating in his own words ... 

Baron Shawcross Member, RIIA Council Director, Shell Transport and Trading Co., 1961-72 Morgan et Cie., International, 1966- Times Newspapers Ltd., 1967-74 Hawker Siddeley Group Ltd., 1968- Chairman, International Advisory Council, Morgan Guaranty Trust Co. of New York until 1978. 

Minneapolis, Minn. — Stone arch bridge over Mississippi River, Hennepin County Court House and City Hall, dams and retaining walls of the St. Anthony s Falls Water Power Company, the Exposition Building, Guaranty Loan and Trust Building, Union Depot. 

Consider the example structure represented by FIGURE 15.5. An important feature is excess spread, reflecting the high yield on credit card debt. In addition, a financial guaranty is included as a form of credit enhancement given the low rate of recoveries and the absence of security on the collateral. Excess spread released from the trust can be shared with other series suffering interest shortfalls. 

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