Time Clock, Feb. 27, 1956

HOME LOAN PROGRAM by the Veterans Administration, totaling $33 billion, is coming under fire from a House Veterans' Affairs Subcommittee. After a 14-month investigation, the subcommittee charged widespread abuses of VA-guaranteed loans by builders and real estate operators. Among the charges: many loans were granted for non-G.I. projects, builders often overcharged on G.I. housing they did build, and bribed VA inspectors to cover up.

EXECUTIVE RESERVE will be set up to help run the Government in case of war. President Eisenhower has signed an order permitting the Office of Defense Mobilization to recruit a pool of 3,000 to 4,000 top men...

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