Word: credited
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Dates: during 1930-1939
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...corporation which TVA evangels never include in their critical remarks about power corporations is the TVA itself. Like RFC, FDIC, Commodity Credit Corp., TVA is Government corporation in business. In its buying and selling, making contracts, filing suits, its status as an incorporated concern relieves it of much red tape. Last week Dr. Arthur E. Morgan, who used to be top officer of TVA Corp., reminded his onetime colleagues, Directors Harcourt Morgan and David Lilienthal, that corporations have to take the bad along with the good, as Messrs. Harcourt Morgan and Lilienthal have often reminded the power corporations...
...National City Bank of New York, it has been in the personal loan business. To date Bank of America has loaned more than $200,000,000 for consumer purchases, more than $124,000,000 on FHA loans. Loans to individuals. Banker Giannini believes, are the best of all credit risks-and personal loans pay 5% to 10%, well above the 1% to 3% conservative investments bring. Hence, Bank of America has plugged personal financing for all it is worth; its credit department approves 1,000 to 1,500 loans...
...months ago Franklin Roosevelt said he wanted the various systems of bank examinations standardized. Last week from this acorn had sprung an oak: exams were not only unified but the banks' lending policies had been greatly changed by a new extension of New Deal credit control...
...appear until last fortnight. Until then a committee of underlings had been absorbed solely in the technicalities of unifying the existing examinations. Fortnight ago, in a letter to Senator Vandenburg, Federal Reserve Board Chairman Marriner Stoddard Eccles suggested that bank regulations should be loosened in depressions when credit is needed, tightened in booms (TIME, June...
Author Roberts gives Deterding plenty of credit for winning the Allies' war. Sir Henri's part in the post-War oil scramble was less heroic. The U. S. S. R. nationalized the Baku oilfields and Sir Henri never got over it. He began to fulminate against the Bolsheviks in the press and. Author Roberts implies, to plot against them in secret. But the Bolsheviks were too smart for him. Author Roberts thinks his backing of Hitler and his admiration for Mussolini are based on his hatred of Communism, which was born of frustration when he lost...