Word: lender
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...brief struggle within the Inner Circle for control of the aircraft program, Tommy the Cork had backed Federal Lender Jones against Secretary Morgen thau, who hates The Cork's guts. Messrs, Jones & Corcoran had sought control through vast RFC loans to the air industry; Mr. Morgenthau contended there were no bottlenecks within the industry, there was no bottle. He wanted a new aviation industry, set up on a mammoth scale, and the President agreed with...
...straight interest, but a "hazard charge" was the hook with which Pacific collected its usury. Supposed to protect the lender against theft or destruction of autos (which Pacific accepted as security), typical hazard charges were $30 on a $70, six-month loan (the equivalent of 133% simple interest), $88 on a $300, one-year loan (53%). Pacific would then reinsure cars with an insurance company at rates averaging one-tenth the hazard charges...
...psychiatrist. I am one who suffered conditions as bad as the Okies for 15 years of my life-I wrote about it in the Atlantic, in the Nation, and in a book. Nor am I jealous because my book [We Sagebrush Folks'] was a best lender and not a best seller...
...first official act on his return-signing the bill under which Lender Jesse Jones was readying loans for Finland ($20,000,000), Sweden ($15,000,000), Norway ($10,000,000)-he emphasized his preoccupation with foreign affairs. No one near him doubted that his heart & mind were with high-domed Under Secretary of State Sumner Welles in Europe...
...finally, after eight weeks of stalling, the Congress shoved through a bill authorizing a $100,000,000 increase in the depleted capital of the Export-Import Bank-on the clear understanding that Federal Lender Jesse Jones would immediately "lend" Finland...