Show WALTER SHEAD doom to veterans 9 loans NE of the main reasons why veterans are tailing failing to obtain loans under 0 ONE the GI biu bill of rights Is the fact that the mth congress has clipped 1 the tee power of reconstruction finance corporation to purchase these mortgages from banks backs the congress which passed the GI bill gave authority to purchase mortgages on homes where the loans had been guaranteed by veterans administration under terms of the GI bill the authority under tinder which the purchased these mortgages expired june 30 when the newlan new law was passed by this congress extending the tor for another year and slashing its loa loan authority arity from something like 18 b billion I 1 illon dollars to two billion dollars congress not only swept away th the only source of small business and small industrial loans but refused to give authority to purchase GI home business and farm mortgage loans banks throughout the country therefore have no i outlet for disposal of these loans and must hold them la in their own portfolios an and d from al allover llover the country veterans are undine finding it almost impossible to obtain home loans ni no matter how well veil they are armed W with th letterson letters letter of eligibility se sen john sparkman of alabama introduced a bill in the last minute rush h of congress seeking to extend this authority of the |