"A Decent Burial"

May 1950
Time;May1950, Vol. 55 Issue 18, p84
The article reports on Texas banker and Reconstruction Finance Corp. (RFC) head Jesse H. Jones' belief that the RFC should be abolished. A letter written by Jones to a U.S. Senate banking subcommittee led by Senator J. William Fulbright argues that the RFC has become irrelevant because of the absence of emergency conditions that prompted its creation. He criticized the RFC for making large loans under circumstances that he says cannot be justified. Several examples of such loans are cited, such as those given to Kaiser-Frazer, Lustron and Texmass.


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