Quote – Friedlander, President of the Gibraltar Savings & Building Association, Houston, TX. And Vice-President of the United States Building & Loan League, Testimony. Committee on Banking and Currency. Senate. May 16-19, 21-24, 1934.

We do not think there is either any social or any economic necessity for the insurance of present mortgages.

Friedlander, President of the Gibraltar Savings & Building Association, Houston, TX. And Vice-President of the United States Building & Loan League (pgs 227-244), Hearings. Committee on Banking and Currency. Senate. May 16-19, 21-24, 1934.

Wednesday, May 16, 1934
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