In Washington last week, Senate and House conferees agreed on the death warrant of the biggest business the world has ever known: the Reconstruction Finance Corp. They completed a bill, still to be approved by Congress and the President, which would end RFC's lending powers in 60 days and dissolve the giant Government corporation within a year. In its place a new Small Business Administration would be set up with lending authority of $275 million (v. RFC's $1.4 billion) and power to make individual loans not exceeding $150,000 to small companies unable to raise private credit.
In recent years, RFC has been...
To continue reading:
or
Log-In
