Word: bankes
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Dates: during 1930-1939
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Because the Federal Housing Administration is a partial guarantor of modernization loans made by banks under Title I of the National Housing Act, Mike Pecoraro's methods came under Federal scrutiny. His methods were simple. A short, smartly-dressed man with a police record as a forger and thief, Mike would walk into a branch of big National City or Manufacturers Trust, submit an FHA loan application signed by Otto Corneau (or one of 18 other names) with his right hand and the wife's name penned with his left. Then he returned to a rented apartment, waited...
Mike was "Pasquale Cassotta" when special agents of FHA caught up with him last June at a mailbox waiting for a check. It was an anonymous letter from "A Citizen," not the banks, which gave the Federal men their first knowledge of his activities. Mike began operations a year ago, but went South for the worst of the winter, resuming his bank calls in the spring...
Before sentencing Mike last week, Judge Bondy asked if he were sane. When the prosecutor pointed out that he got the money. Mike grinned. Snorted Judge Bondy: "Well, is the bank sane then? . . . It's incredible...
...Polish Foreign Minister Colonel Josef Beck goes to Bucharest to arrange all details of a state visit by His Majesty King Carol to Warsaw early next year-His Majesty has not made plans to attend the Coronation of George VI.* To Warsaw last week hurried the Governor of the Bank of Rumania, George Constantinescu about munitions loans. All up and down the "Bastions of Peace" in hundreds of factories rumbled and belched Rearmament...
...Helsinki last week loyal Finns crowded into movies to cheer wildly while a picture of the life of their masterful, benevolent President, Pehr Evind Svinhufvud was screened in celebration of his 75th birthday. On that same day, little Finland paid into the Federal Reserve Bank in Manhattan $231,315.50, the last installment on her War debt to U. S. Fin land's unique integrity was lately respon sible for Karl Kojander, a hungry Finn who lives in Brooklyn, being put on Relief. Declared the Judge: "We aren't going to permit a Finn to starve when Finland...