Image and caption: Bankers’ Association opposes federal insured loans as hazard to established businesses. Washington, D.C., June 15. Robert M. Hanes, 1st Vice President of the American Bankers’ Association, and brother of Treasury Undersecretary John W. Hanes, today told the Senate Banking and Currency Committee that the Association opposed the proposed bill to authorize the RFC to insure up to 90 percent on loans to small businesses. He said that it would be a hazard to already established enterprises. He denied that bankers are ‘sitting idly by waiting for the borrowers to seek credit’, Library of Congress Prints and Photographs Division Washington, Harris & Ewing photograph collection, LC-H22-D- 6831

Lyrics:
I saw the sin of pride out promenading
Down avenues paved over with gold
From the spoils of speculation
Turning everything of worth on Heaven and Earth
Into something to be bought and sold
It’s a crying shame, sir, the state we’re in
Where the poor man pays, lord, lord, for the rich man’s sin
I heard the sin of greed expostulating
That the rich man’s trove is his needful share
And how that squares with the crying of a hungry child
Greed don’t care
It’s a crying shame, sir, the state we’re in
Where the poor man pays, lord, lord, for the rich man’s sin
The rich man sins but the pay man pays
It’s the poor man foots the bill
When the bill comes due, sir, when the bill comes due
We’ll settle up the score, when the bill comes due
When the bill comes due, sir, when the bill comes due
No hungry children anymore, when the bill comes due