Word: rfc
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...first proposed building prefabricated houses of enameled steel, Lustron Corp.'s Carl Strandlund has found a willing helper in the Government. The Reconstruction Finance Corp. lent him $15.5 million, got him a Columbus (Ohio) surplus plant (TIME, Feb. 10, 1947), pushed his priority claims to steel. Last week RFC again gave Lustron another big boost. Although Lustron has turned out only seven model houses in a year, RFC lent it another $10 million...
...baths and sinks, and fears the Government-financed competition of Lustron, which he contends is tooled up to make four times as many fixtures as will be needed for its houses. Rodman even hinted that the new loan was given to help Lustron concentrate on fixture-manufacturing, thus protecting RFC's original stake in Lustron. Cried Rodman: "This loan and the Government's entire relations with Lustron have an extremely bad odor...
...first to sniff the air. Last winter a congressional Banking & Currency subcommittee looked into Lustron's deals and called for a full-dress investigation. To help launch the company, the subcommittee found, RFC had made the loan, although it had never been approved by the RFC's examiners, as is customary. An earlier loan for $32 to $52 million had been blocked by onetime RFC Director George Allen...
Equitable could take over the airline if it wanted to. T.W.A. could get no more help from outside sources; Principal Stockholder Howard Hughes did not intend to put in any more cash. Warned Pierson: only a quick RFC loan of $10,000,000 could save the line...
Worked on RFC...