Word: rfc
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Wallace then pointed out that, as Secretary of Agriculture (1933-40) he had supervised more than 12,000,000 individual loans, totaling $6 billion. Said he: "I am proud of our financial record." He added: "But the real issue [at stake] is whether or not the powers of the RFC are to be used only to help big business or whether these powers are also to be used to help little business and to help carry out the President's commitment of 60,000,000 jobs...
...Politician. It was a breathtaking vision, and the clear implication was that the huge lending powers of RFC could help to bring it all about...
...President has rarely fired anybody, but he swept aging Jesse Jones out as head of the Commerce Department, the RFC, and RFC's eight potent subsidiaries.* The reason was purely political and Mr. Roosevelt made no bones about it. It was to give a job to lame-duck Vice President Henry Wallace...
...Defense Plant Corp., Defense Supplies Corp., Rubber Reserve Co., Metals Reserve Co., War Damage Corp., Disaster Loan Corp., Federal National Mortgage Assn., RFC Mortgage...
...Frank T. Hines last week laid down the rules under which the soldiers can borrow for new enterprises under the G.I. bill of rights. The Federal Government will guarantee a soldier's loan, made by a private bank, loan company, or friend, up to $2,000, providing the RFC or Maury Maverick's Smaller War plants Corp. approves. One requirement: the project must have a reasonable chance of success. If they wish, soldiers can pool their loans, that is, 100 soldiers can get $200,000 to go into business together...