{"conversationCode":"026-008","tapeNumber":26,"conversationNumber":8,"identifier":"37-wht-conversation-026-008","startDateTime":"1972-06-26T15:45:00.000Z","endDateTime":"1972-06-26T15:47:00.000Z","startDate":"26-Jun-1972","startTime":"11:45 AM","endDate":"26-Jun-1972","endTime":"11:47 AM","dateCertainty":"certain","timeCertainty":"certain","participants":"Nixon, Richard M. (President); Shultz, George P.;","description":"On June 26, 1972, President Richard M. Nixon and George P. Shultz talked on the telephone from 11:45 am to 11:47 am. The White House Telephone taping system captured this recording, which is known as Conversation 026-008 of the White House Tapes.","locationCode":"WHT","recordingDevice":"White House Telephone","latitudeEstimated":38.89767,"longitudeEstimated":-77.03655,"chronCode":3,"chronRelease":"Third Chronological Release","chronReleaseDate":"28-Feb-2002","aogpRelease":null,"aogpSegment":null,"lastModified":"2015-07-27T17:04:10.235Z","findingAid":"Conversation No. 26-8\n\nDate: June 26, 1972\nTime: 11:45-11:47 am\nLocation: White House Telephone\n\nThe President talked with George P. Shultz.\n\n[See Conversation No. 742-13B]\n\n     World Bank loans to nations\n         -Peter Flanigan\n               -Forthcoming conversation with Shultz\n         -Robert S. McNamara\n               -Chile\n               -Iraq\n               -India\n         -US policy\n               -The President’s instructions\n               -Treasury Department role\n               -The President’s instructions\n                     -Indira Ghandi\n               -The President’s meeting with John B. Connally\n                     -Flanigan and Henry A. Kissinger","filename":["026-008-splice.mp3"],"tapeStart":"00:09:38","tapeEnd":"00:11:04","participantsList":["Nixon, Richard M. (President)","Shultz, George P.","Nixon, Richard M. (President)","Shultz, George P."],"prevCode":"026-007","nextCode":"026-009","tapeTranscriptFile":"026a.mp3,026b.mp3","transcript":[{"start":590.2,"end":591.46,"text":"I'm Secretary Shultz, sir."},{"start":591.56,"end":591.94,"text":"Yeah."},{"start":591.98,"end":593.22,"text":"You are."},{"start":593.74,"end":594.07,"text":"Yeah."},{"start":594.37,"end":595.13,"text":"Morning, Mr. President."},{"start":595.39,"end":598.83,"text":"Uh, Justice, I'll just take a second, George, because Pete Flanagan can fill you in."},{"start":598.85,"end":600.91,"text":"I want to tell you that I've asked him to talk to you about"},{"start":602,"end":618.73,"text":"his situation with regard to the votes in the World Bank, where McNamara is taking the position of making loans to Chile, to Iraq, to India after they just kicked us around, she has, and so forth and so on."},{"start":619.31,"end":628.94,"text":"I'm totally against all of those, and I just want you to know that I expect the Treasury Department, whoever you have, to take that line unless I give other instructions."},{"start":629.43,"end":634.16,"text":"In other words, the United States is to oppose loans to any country that expropriates."},{"start":634.79,"end":638.81,"text":"It is to oppose loans to any country that has kicked us around, as Mrs. Gandhi has."},{"start":638.85,"end":639.41,"text":"Is that clear?"},{"start":640.15,"end":642.05,"text":"I'm just delighted to have that instruction."},{"start":642.07,"end":643.88,"text":"That is the position we have been on."},{"start":643.9,"end":644.52,"text":"Well, I thought so."},{"start":644.54,"end":648.26,"text":"The State Department has been clawing at us, and we just say, no, we don't see any evidence here."},{"start":648.28,"end":655.55,"text":"All right, when the State Department claws, I know that that's, I know John felt that way, and I know you, but I just want you to know."},{"start":656.03,"end":664.59,"text":"I told John that at one time, but now I'm telling you, and Pete has also talked about the organization thing, and he will talk to you about that, about our setting up an executive committee."},{"start":664.61,"end":666.14,"text":"Pete and Henry and I are talking here now."},{"start":666.77,"end":670.03,"text":"But Pete will fill you in on the whole thing, and you work it out, okay?"},{"start":671.13,"end":671.83,"text":"Okay, sir."},{"start":671.91,"end":672.27,"text":"Fine."},{"start":672.41,"end":673.01,"text":"All right."},{"start":673.03,"end":675,"text":"All right."}],"transcriptBoundary":{"start":590.04,"end":676.59,"startMethod":"llm-alignment","endMethod":"llm-alignment"},"transcriptConfidence":"high","transcriptSource":"bigtape","aiSummary":{"text":"President Nixon and George Shultz discuss the administration's stance on World Bank loans to nations that have acted against United States interests, specifically citing Chile, Iraq, and India. Nixon instructs Shultz to ensure the Treasury Department maintains a firm policy regarding these loan approvals, expressing particular concern over the involvement of World Bank head Robert McNamara. Peter Flanigan is tasked with coordinating with Shultz to ensure consistent enforcement of this directive across the administration.","topics":["World Bank","Foreign Policy","Treasury Department","Robert McNamara","International Loans","Economic Sanctions"],"generatedAt":"2026-04-06T03:15:40.065Z"},"topicSlugs":["world-bank","foreign-policy","treasury-department","robert-mcnamara","international-loans","economic-sanctions"],"audioDurationSec":90,"audioFiles":[{"file":"026-008-splice.mp3","bytes":1429938,"durationSec":89.55,"bitrate":127747,"missing":false}],"audioIsShared":false,"audioProbedAt":"2026-09-18T14:10:14.418Z","originalFilename":["026a.mp3","026b.mp3"],"spliceSource":{"spliceType":"bigtape","sourceFiles":["026a.mp3"],"cutStart":588.54,"cutEnd":678.09,"adjustedStart":588.54,"adjustedEnd":678.09,"boundaryMethod":"llm-alignment","confidence":"high","splicedAt":"2026-09-18T14:10:14.418Z"},"transcriptPrev":{"segments":25,"replacedAt":"2026-09-18T08:14:00.946Z"},"findingAidSource":"nixonlibrary.gov subject log (2024-05), reslice-v2","findingAidUpdatedAt":"2026-09-18T08:42:39.087Z","audio":["https://nixon.nyc3.digitaloceanspaces.com/audio/026-008-splice.mp3"],"url":"https://www.easynixon.org/tapes/026-008","nixonLibraryUrl":"https://www.nixonlibrary.gov/white-house-tapes/26/conversation-026-008","license":"Public domain (U.S. Government work). AI-generated fields (transcript, aiSummary) are provided as-is without warranty."}