The New Deal I (1933 – 1934) continues: Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq.—without a constitutional amendment—signs house resolution 9620, creating the Federal Housing Administration. The purpose of the FHA is increase home ownership by insuring mortgages thus encouraging banks to make more risky loans that they might not have otherwise made in a free market.
NOTE: As an attorney (Officer of the Court) Roosevelt was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].
[added 9/19/2020] Thanks to Jim Lorenz and Chuck McGlawn for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Calvin D. Linton, ed. The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 335.
The Federal Reserve and you
endthefednc.wordpress.com/
A History of the Panic of 2008
www.freedomworks.org/uploads/crisis.pdf
75 Years of Housing Fascism by Dale Steinreich
mises.org/library/75-years-housing-fascism
Federal Housing Administration – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Federal_Housing_Administration
Current U.s. National Debt:
