Tag: January 1932
Hoover’s Hidden Hand: Loan Bribery Scandal Rocks Washington
January 5, 1932, marked a tumultuous day in Washington D.C. as Representative McFadden launched a scathing attack on President Hoover’s Reconstruction Finance Corporation (RFC) bill. The former chairman of the House Finance Committee accused the corporation of secretly opening the back door to the Treasury by taking over duties originally assigned to the $500,000,000 National…
