Political Quotes

Herbert Hoover: “The Bankruptcy Act has proved to be defective and to allow a great many loopholes for exploitation of both the bankrupt…”

On the recordFebruary 25, 1932
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.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

The President's News Conference

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More from Herbert Hoover

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