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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 19, 1975
Page
5
The column discusses financing options for rental properties with high loan rates, advising against wiping out an $18,000 debt unless hard money reasons exist. It covers saving versus investing, tax‑advantaged options, and a 74 year old’s plan to use a 7.9 percent savings certificate and E bonds. It invites readers to submit questions for future guidance.
Rep Henry Reuss chairman of the House Banking Committee says a thorough review of the banking industry is planned with focus on concentration of power in 50 largest banks which hold over half of all deposits. He cites concerns about international banking giants draining resources from small towns and considers studying the 1970 one bank holding company law to curb real estate speculation and risky loans.
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