Broadcast: September 22, 1954
Added: Nov 24 2020
During the early post-war years, millions of dollars were made in so-called windfall profits on housing projects financed on government insured loans. The windfalls resulted from the fact that the mortgage loans were in excess of costs, and were scaled to the loan and not to the costs. Although most contractors acted within the legal frame, an enquiry was begun into certain alleged fraud...