“The Brady Plan” Nicholas F. Brady Hand Signed 3X5 Card COA For Sale

Up for sale “The Brady Plan” Nicholas F. Brady Hand Signed 3X5 Card. 

April 11, 1930) is an American politician from the state of New Jersey, who was the United

States Secretary of the Treasury under Presidents Ronald Reagan and George H. W. Bush, and is also known for articulating

the Brady Plan in March 1989. In 1982, he was appointed to

succeed Harrison A. Williams as

a United States Senator until a special election could be held. He served in the Senate

for 8 months. Brady was born in Manhattan, New York City, the son of James Cox Brady Jr., and

his wife, Eliot Chace. He was named for his paternal great-uncle, businessman

and philanthropist Nicholas Frederic Brady. His great-grandfather was industrialist Anthony N. Brady. He grew up on an estate in Far Hills, New Jersey. After graduating from St. Mark's Brady attended Yale University (B.A., 1952), where he Brady's political career began when he

was appointed by Governor Thomas Kean as a Republican Senator from New Jersey to fill the vacancy caused by the resignation

of Harrison A. Williams. He

served from April 12, 1982, through December 27, 1982, and did not seek

election to a full term. During his time in the Senate, he was a member of

the Armed

Services Committee and the Banking, Housing and Urban Affairs

Committee. In 1984, Reagan appointed Brady to be Chairman of the President's

Commission on Executive, Legislative and Judicial Salaries. He also served on

the President's Commission on Strategic Forces (1983), the National Bipartisan

Commission on Central America (1983), the Commission on Security and Economic

Assistance (1983), and the Blue Ribbon Commission on Defense Management (1985).

He also chaired the Presidential Task Force on Market Mechanisms in 1987. Brady

became the 68th Secretary of

the Treasury on September 15, 1988, and served during the last

four months of Reagan's presidency and throughout the Bush administration. In

1989, after a period of years in which a number of developing countries,

including Mexico, defaulted on their international debt, he

developed the Brady Plan to help

them sell dollar-denominated bonds.

These became known as Brady Bonds. Early in his

tenure as Treasury Secretary, The New York Times wrote

that Brady had a rocky start and was "bland on television and awkward as a

public speaker." But as a close friend and advisor to President Bush he

had considerable influence. Chuck Schumer, a Democratic congressman at the time, expressed

the prevailing view: "Is he the smartest guy in the world? No. Did he make

some major screwups? Yes. But Brady is one of the few people in the Government

trying to do real substance. On savings and loan, he stepped up to the plate

and swung at balls. The same with the third world debt. I'm not sure I agree

with his plan, but at least he tried to do something. So, in an Administration

where so much seems aimed at image and hype, Brady does deserve a lot of credit."

 He is a former chairman of the board of

Dillon Read & Co. Inc. (investment banking) (1970–1988) and a former

Chairman of Purolator, Inc. (filtration

products) (1971–1987). Brady's career in the banking industry

spanned 34 years. He joined Dillon, Read & Co. in New York City in 1954, rising to chairman of the board.

He has been the Chairman of Darby Overseas Investments, Ltd. and Darby

Technology Ventures Group, LLC, investment firms, since 1994. Mr. Brady is

Chairman of Franklin Templeton Investment Funds (an international investment

management company), a director of Hess Corporation (an exploration and production company)

and Holowesko Partners Ltd. (investment management companies). He is also a

director of the oilfield services company Weatherford International since

2004. He has been a director of the NCR Corporation, the MITRE Corporation, and the H.J. Heinz Company, among

others. His father had been a major figure in Thoroughbred horse racing both in the United States and in Europe.

Although never involved with the sport at the same level as his father,

Nicholas Brady served for a time as chairman of The Jockey Club. Mill House (Stable) is the nom de

course for Brady's racing operation. He has also served as

a trustee of Rockefeller University anda

member of the Board of the Economic Club of New

York. He is a member of the Council on Foreign

Relations, Inc and a former member of the Steering Committee of

the Bilderberg Group. He is a former trustee of the Boys' Club of Newark. Brady received the

Golden Plate Award of the American Academy of Achievement in

1977.  was a member of Chi Psi fraternity. He received his M.B.A. from Harvard University in

1954.