The President's News Conference
08/10/1949
https://www.presidency.ucsb.edu...
WHEREAS it is deemed desirable and in the public interest that the said limitation of the $500 be raised to $1,000:
Paragraph (h) of the bill is also objectionable.
The Federal Savings and Loan Insurance Corporation has one hundred million dollars of government-furnished money.
It seems to me that such broad general authority is unwise and unwarranted.