Show WALTER SHEAD newdell new deal agencies pay off now and then there is a news item more or less unnoticed which goes to refute refund the all inclusive charges heard nowadays that everything done by the new deal was bad A majority of farmers today will tell you the triple A saved farming as an industry home owners loan corporation saved millions of homes and is paying out without loss federal housing administration as a lending agency for private home construction is paying its way the conservation service is credited with keeping american farms at top production during the war no one in the tennessee valley has an ill III word to say against TVA and now the federal deposit insurance co corporation ration which insures suits ba bank deposits his hasa od id into the treasury more than halt half the money provided to start the program it pays in full the more than in capital subscribed by the 12 federal reserve banks and about of the originally subscribed by the treasury to be perfectly fair the act was introduced in n 1934 by sen arthur vandenburg R mich but it Is considered new deal legislation and no one has lost a dime on bank deposits since its passage |