Herbert Hoover actually said...

"The real estate people have been suggesting a central mortgage rediscount bank as a permanent institution but that committee is not in agreement and have not completed their arguments."

"It is a movement of national assurance and of unity of action in an American way to assist business, employment, and agriculture."

"The times call for unity of action on the part of our people."

"There is no justification for any such situation in view of the strength of our banking system and the strong position of our Federal Reserve System."