On the recordJune 7, 1937
It is not reasonable to insist that 4 percent on a first mortgage for a farmer or 5 percent on a second mortgage is an unreasonably high rate of interest.
Source
presidency.ucsb.eduIt is not reasonable to insist that 4 percent on a first mortgage for a farmer or 5 percent on a second mortgage is an unreasonably high rate of interest.
Letter on Farm Loan Interest Rates
Share
More from FDR
All Federal agencies are directed to cooperate with the Secretary of the Interior to the fullest extent possible.
We must go on to do all in our power to conquer the doubts and the fears, the ignorance and the greed, which made this horror possible.