Price fixing and housing crisis attack big corporations
Geruel Untermyer testified before the Aldermanic committee on New York City’s housing crisis. He accused large finance and steel firms of withholding loans and fixing prices, urged vigorous prosecutions of trusts, and warned that labor needs protection from predatory corporate practices. He argued for government oversight of trade and financial monopolies and defended labor unions as essential to social welfare.
MENTIONED IN THIS ARTICLE
Geruel Cntermyer
New York City
France
Bel Revolution T
Europe
Uatermyer
Untermyer
Yonkers
Pitone
Nis
Metropolitan Life Defends Real Estate Lending Practice
Frederick H. Ecker of Metropolitan Life Ins Co sent a letter to Samuel Untermyer denying the charge that life insurers and investors halted real estate loans, arguing government controls and war loans reduced investment options. He stated Metropolitan has prioritized housing needs, disclosed stock holdings, and highlighted substantial NYC mortgage activity and farm land loans to support communities.
MENTIONED IN THIS ARTICLE
Frederick H. Ecker
Metropolitan Life Insurance Company
Samuel Untermyer
United States
Metroolitan
Ecker
Den
New York City
Hve
New York
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