|
|
|
|
|
BusinessWeek: January 11, 1993 |
|
|
ONLINE FEATURES
Book Reviews
BW Video
Columnists
Interactive Gallery
Newsletters
Past Covers
Philanthropy
Podcasts
Special Reports
BLOGS
Auto Beat
Bangalore Tigers
Blogspotting
Brand New Day
Byte of the Apple
Economics Unbound
Eye on Asia
Fine On Media
Green Biz
Hot Property
Investing Insights
Management IQ
NEXT: Innovation
NussbaumOnDesign
Tech Beat
Working Parents
TECHNOLOGY
J.D. Power Ratings
Product Reviews
Tech Stats
Wildstrom: Tech Maven
AUTOS
Home Page
Auto Reviews
Classic Cars
Car Care & Safety
Hybrids
INNOVATION
& DESIGN Home Page Architecture Brand Equity Auto Design Game Room SMALLBIZ Smart Answers Success Stories Today's Tip INVESTING Investing: Europe Annual Reports BW 50 S&P Picks & Pans Stock Screeners Free S&P Stock Report SCOREBOARDS Hot Growth 100 Mutual Funds Info Tech 100 S&P 500 B-SCHOOLS Undergrad Programs MBA Blogs MBA Profiles MBA Rankings Who's Hiring Grads |
Readers Report
NO WINDFALL FOR FARM CREDIT Your article "Banks that believe in many towns called Hope" (Finance, Nov. 30), about community development banks, unfortunately perpetuated a factual error about the Farm Credit System, as well as some self-serving propaganda from the commercial banking industry. To set the record straight, the FCS did not receive an "infusion of $4 billion from the government" stemming from the agricultural depression of the 1980s. What Congress did was allow the system to issue privately financed assistance bonds, of which only $1.26 billion was used before the assistance authority expired earlier this year. It wasn't $4 billion, and it didn't come from the government. Myron L. Edleman Chairman Farm Credit Council Washington |
|
|
|
|
|
|
Terms of Use | Privacy Notice |