Editing Government Corporations (section)

==Reconstruction Finance Corporation==
The Reconstruction Finance Corporation (RFC) is mentioned in [[Losing Freedom by Installments]].
<BLOCKQUOTE>''Congress abolished the Reconstruction Finance Corporation in 1957, but, it has spent over $1 million since then.  The current budget contains an item of $65,000 for administrative expenses.''</BLOCKQUOTE>
The RFC was created during the administration of Herbert Hoover to give loans to banks, railroads and other businesses as well as to help provide aid to states and municipalities.  It was retained by Roosevelt (but later merged into the FDIC) and eventually used to provide wartime loans to companies working in the war effort.