WASHINGTON, Aug. 26. Chairman Franklin Fort of the Home Loan Bank Board told the United Press that the administration is seeking a 60 day moratorium on foreclosure of all mortgages in the United States.
Fort said the program included mortgages on commercial plants as well as private homes and that cooperation of active financial institutions as wells as those in the hands of receivers would be sought.
The above quote is from The Berkeley Daily Gazette Aug 26, 1932
Will history repeat itself? Will our government make the same mistakes that prolonged the first depression?
It sure is crazy to see how life runs in cycles. By the way, great find on the link. It was great to be taken back 80 years this morning.
ReplyDeleteWow... bit of a historical redundancy! Strange... Guess it's true, history does repeat itself
ReplyDelete