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President Roosevelt Embroiled in Holding Company Scandal, Washington D.C., 1938

A shocking revelation has emerged from the nation’s capital, as President Franklin D. Roosevelt finds himself at the center of a contentious holding company scandal. According to sources close to the White House, the President has been secretly meeting with a 50-man business advisory council to discuss the future of federal policies. In a move that has left many in the business community reeling, Roosevelt has decided to modify his stance on holding companies, citing their potential to produce ‘mass efficiency in operation’ or serve the ‘public interest.’

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