Talk:Reconstruction Finance Corporation

message: I'm a little unsure about some claims here. It says in the introduction that this was a very successful endeavor and all loans were repaid, it became central to the great depression, etc. but in the body it seems like the RFC didn't work until FDR integrated it into the New Deal. For all of the positive representation in the intro, it doesn't seem like the RFC worked very well on its own, especially since it was so bogged down in bureaucracy it wasn't able to lend to failing institutions as it was meant to.
April.s (talk) 08:12, 29 April 2009 (UTC)
thread_title: Effectivness?

message: (Copied from Wikipedia:Reference desk/Miscellaneous#Leaders of the U.S. Reconstruction Finance Corporation)
I got thoroughly snarled up last night in trying to adjust the succession boxes for Calvin Coolidge's Vice-President Charles G. Dawes, who was later briefly either chairman or president of the Reconstruction Finance Corporation (ca. 1931-57), and then in adjusting the succession boxes for subsequent leaders of the RFC. When a government entity or a direct successor has lasted into the age of the World Wide Web, it's usually fairly easy to find a list of its previous  principal officials, either at the organization's own site, or at a place like World Statesmen.org.
But the RFC is much murkier (as it was during its TARP-like origins as a bailout mechanism for banks after the international financial crisis of 1931). Apparently its first chairman was Eugene Meyer, also Chairman of the Federal Reserve, and its first president was Dawes. Dawes (whose terms is said to have begun with the RFC's formal establishment on February 2, 1932) had to resign suddenly on June 7, 1932, after questions about RFC loans to his own bank, and was succeeded by Atlee Pomerene — an Ohio Democratic politician who'd prosecuted the Teapot Dome defendants in 1924. But some sources say Pomerene was chairman and others president. (Pomerene himself had to resign the next year after similar questions about home-bank favoritism.) When Franklin D. Roosevelt became President of the U.S. on March 4, 1933, he chose the Texas financier and Democratic stalwart Jesse H. Jones  (who became Secretary of Commerce in 1940) to headed the RFC, but under what title I'm not sure. Some sources say he led the RFC from 1933 to 1945. But my 1943 World Almanac and Book of Facts, which devotes pages 626-628 to the RFC and its subsidiaries including Fannie Mae (FNMA), lists Charles B. Henderson as chairman with four other directors, none of whom is Jones, but no president. (Wikipedia says Henderson served as chairman from 1941 to 1947.) —— Shakescene (talk) 21:11, 5 August 2009 (UTC)
thread_title:  Who led the RFC under what title when? 

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thread_title:  External links modified