Word: rfc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Deadweights & Mutiny. During the week the ship of state developed other squeaks; Harry Truman was kept busy jettisoning deadweight and trimming ship. He dropped overboard two members of RFC, including the chairman, and nominated three new members (see BUSINESS). And he also had to deal with a mutiny in the Atomic Energy Commission...
...easy-come, easy-go ladling out of cash, RFC has been roundly criticized by congressional reformers. Last week, President Truman ousted two of the lending agency's top officials: Chairman Harley Hise (Democrat) and Director Harvey J. Gunderson (Republican...
...first glance it appeared that the President was making a low bow to RFC's critics. There was no doubt that RFC's management had been sadly inept under Chairman Hise. And his vague explanations about some of RFC's multi-million-dollar loans during his regime had satisfied practically nobody...
...bankrupt Lustron Corp.; $10.1 million to Texmass Petroleum Co., which used 81% of the money to bail out creditors; and $975,000 to Reno's Mapes Hotel, which gets a big part of its income from a thriving gambling concession. Congressional probers had found that 50% of all RFC business loans had gone down the drain of shaky companies instead of being used to finance new ventures...
...because arms might be blown off-in case radiation sickness called for quick transfusions. St. Louis's volunteer planners first thought of using the sewers for refuge until the city pointed out that a rainstorm would drown them all, suggested three old beer storage caves instead. Boston got RFC backing for its old plan to build a garage beneath the Boston Common, on the grounds that if would be a wonderful air raid shelter too. And New York's Mayor O'Dwyer wanted to spend $450 million for civilian shelters...