Quote – Miss Marie L. Obenauer, Joint Chairman, Board of Governors of Home Owners’ Protective Enterprise, Testimony. Committee on Banking and Currency. Senate.

I do not see that it is the function of Congress to tell me whether I shall take a straight loan or whether I shall take an amortized loan. It does not make any difference to me whether you tell it to me in blunt terms through officials here in Washington, or whether you so rig the financial market that I must steer the course that you lay out for me. I do not think that we ought to expect such legislation from legislators who represent a party that stands for initiative, for the rights of the States, and the rights of the community. I do not think we are going to get it from them.

Statement of Miss Marie L. Obenauer, Joint Chairman Board of Governors, Home Owners Protective Enterprise (pgs 320-327); Hearings. Committee on Banking and Currency. House. May 18, 25, 26, 28-31, June 1, 2, 4, 1934.

Friday, May 18, 1934