Herbert Hoover actually said...

"I have authorized the Attorney General to undertake an exhaustive investigation into the whole question of bankruptcy law and practice."

"The Government does not intend to embargo Russian goods because we do not happen to like the character of the Russian Government."

"The Committee will be made representative of the American Federation of Labor, the United States Chamber of Commerce, the Manufacturers' Association, Industrial Conference Board, the Railway Employees..."

"The purpose of the investigation is, of course, to propose to Congress some essential reforms in the bankruptcy law and practice."