Work in progress — cycles are added one at a time. Every quote is machine-verified against an archived source; follow the links to read it.
Issues › Banking & Finance
Farm and home mortgage relief
| Cycle | Candidate | Position | Solution | Strength | Attribution | Verdict |
|---|---|---|---|---|---|---|
| 1932 | Franklin D. Roosevelt (Democratic) | Government assistance to keep home-owners and farm-owners from foreclosure | Make it an objective of the federal government to give the small home-owner and farm-owner at least as much help against mortgage foreclosure as the Reconstruction Finance Corporation gives big banks, railroads and corpo… | specific_pledge | candidate_direct | kept |
| 1932 | Herbert Hoover (Republican) | The Federal Home Loan Bank system to stop home foreclosures and finance new homes | Operate the new home loan discount banks (proposed November 1931, opening October 1932) to mobilize building-and-loan and savings-bank resources so mortgages can be renewed on reasonable long-term payments and new home c… | specific_pledge | candidate_direct | kept |
| 1932 | Herbert Hoover (Republican) | Reorganize and enlarge the Federal Land Banks to refinance farm mortgages; curb Joint Stock Land Bank abuses | Propose to Congress at the next session a further reorganization of the Federal Land Banks with 'resources and liberty of action' to expand farm-mortgage refinancing; remedy the organization of the Joint Stock Land Banks… | specific_pledge | candidate_direct | not_applicable |
| 1932 | Norman Thomas (Socialist) | Government aid to farmers and small home-owners against foreclosure and tax sales; moratorium on interest debated | Governmental aid to farmers and small home-owners to protect them against foreclosures and non-payment of taxes (the 11th plank); a proposed moratorium on all interest charges was referred to the executive committee. | directional_stance | party_platform | not_applicable |
| 1936 | Franklin D. Roosevelt (Democratic) | Low interest rates, sounder home financing, better banking | Continue the cheap-money policy, FHA/HOLC home financing and the reformed banking system. | directional_stance | candidate_direct | kept? |
| 1936 | William Lemke (Union) | Refinance farm mortgages through the Frazier-Lemke plan (government-issued credit at low interest) | The 'inflationary farm mortgage bill' Lemke authored: federal refinancing of farm debt with currency issued for the purpose, blocked by the administration and the House in 1936. | specific_pledge | reported | not_applicable |