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...column and American folk lore generally. (The tabloids had fun with the story of Ian Woodner, a Washington builder who charged to FHA projects $87,000 for detectives-partly to check up on his ex-wife.) Until last week, however, nobody knew much about the central character: Clyde L. (for Lilbon) Powell, 58, who joined FHA under the Democrats in 1934 and was forced out last spring. From 1946 to 1950, as assistant commissioner, he authorized projects that netted some $500 million in unwarranted windfall profits...

Author: /time Magazine | Title: National Affairs: The Money Man | 10/18/1954 | See Source »

...yellow, shortsleeved shirt brightened the somber Senate caucus room. Dexter related that Powell made racing bets by phone almost every day, averaging $100 or more daily for a time. Sometimes he did not pay the losses. One day he bet $1,500, and lost. "What was your relationship with Clyde Powell?" he was asked. "Unfortunate," replied Dexter, summing...

Author: /time Magazine | Title: National Affairs: The Money Man | 10/18/1954 | See Source »

...every case of threatened infringement of academic freedom ends on a sad note. Often lucid men acting with dispatch effectively challenge attempts to curb free expression. Such is the instance in the argument between the Hall County Farm Bureau and Professor C. Clyde Mitchell of the University of Nebraska, in which the professor's right to state his opinions was forcefully defended by his university...

Author: NO WRITER ATTRIBUTED | Title: Professors Vindicated at Nevada and Nebraska | 9/29/1954 | See Source »

...projects,* said he, there were windfall profits as a result of watered-up mortgage loans, insured by the Federal Housing Administration under the Housing Act's Section 608. McKenna put the blame for the skulduggery directly on ex-FHA Assistant Commissioner Clyde L. Powell, whose gaudy gambling career put the FBI on his trail last year and started the whole investigation (TIME, July...

Author: /time Magazine | Title: HOUSING: $100 Million Windfall Profits | 9/27/1954 | See Source »

Then, to show that it really meant business, Justice announced that it was carefully investigating top Government housing officials suspected of extending favors to private builders (e.g., ex-FHA Assistant Commissioner Clyde L. Powell, who ducked behind the Fifth Amendment when Senators quizzed him). Justice indicated that there soon would be more indictments...

Author: /time Magazine | Title: HOUSING: Word from Justice | 9/13/1954 | See Source »

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