“Which can be real. The audience is departing in the the majority of the indicates. We have a lot of [thrift associations] that will be into the terrible straits because they has loaned toward property way up yonder during the really worth, and they’ve got their money tied up when you look at the accommodations, apartment house and anything of these kind, and this sets all of them during the an eager situation.”
Although the Board’s capability to promulgate laws exempting government deals and funds in the criteria out-of state rules may possibly not be boundless, in this situation we want maybe not talk about the newest external constraints off the brand new Board’s discernment
Similarly, in response so you’re able to question indicated within the Senate hearings your Act failed to ban consumers off acquiring money immediately after which renting the house or property, Chairman Stevenson noticed: “That would be a point of control. That will be protected by regulation underneath the costs.” Senate
“If for example the Federal Mortgage Bank Board should choose to make that sort of a restriction, it might place that when you look at the. “
