Herbert Hoover actually said...

"Otherwise than that I have no news today."

"These reforms ought to result, if enacted, in the saving of a good many million of dollars of creditors and bankrupts and in a great deal of direct economies in the administration of justice."

"The Bankruptcy Act has proved to be defective and to allow a great many loopholes for exploitation of both the bankrupt and the creditors-a great deal of injustice on both sides."

"Two years ago I directed a searching investigation by the Department of Justice and the Department of Commerce into the whole condition in bankruptcy administration."