Political Quotes

Herbert Hoover: The review of the work of the Corporation showed that in the 14 weeks of its life loans of about $500 million were…

On the recordJune 4, 1932
The review of the work of the Corporation showed that in the 14 weeks of its life loans of about $500 million were authorized to something like 4,000 banks, agricultural credit corporations, life insurance companies, and other financial institutions, and in addition thereto about $170 million to railroads.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

White House Statement on the Reconstruction Finance Corporation.

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