Peterson is today an investment banking eminence grise and deficit scold, but Nixon told Burns on more than one occasion that he had no use for him.

FORBES: Book Review - The Secret Diary of Arthur Burns: 1969-1974

Once the "entertainment product" has exhausted that eligibility, the crass money machine that is his university no longer has any use for him.

FORBES: Book Review

"We thought it would be better to give him a run-out because it's no use for the player or for either of the clubs involved in this situation, " Smith added.

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