The best financial club in the world is breaking up. The 35 dealers in US Government securities are bracing themselves against a jostling rush of new, often foreign, members into their market. Election to the club is practically a formality even though several of the club's senior members-- Goldman Sachs, First Boston, Donaldson, Lufkin and Jenrette, Salomon Brothers and Citicorp--have already been upset by the exuberance of the Japanese applicants queuing at the door of the New York Fed.
Ollard, William,
January 09, 1986