Farmers, businessmen and home buyers hard pressed for a loan have turned increasingly to Uncle Sam. With 180 different lending programs, his pot is the most plentiful around. In the past three years federally sponsored credit has almost tripled, going from $26.8 billion in 1976 to $73.3 billion last year.
Since the Federal Farm Loan Act was passed in 1916, Government credit programs have helped borrowers who could not obtain money from regular savings institutions. One of the most successful was the Rural Electrification Administration, which, beginning in 1936, provided the money that lighted...
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