The use of automated loan approvals allowed loans to be made without appropriate review and documentation.
Eventually, benevolent neutrality favoured the Allies even more, allowing them loans and arms.
As the cornerstone of financial deregulation in the early 1980's, however, the caps were removed, allowing the savings and loans to compete fully for funds.
About 70 percent of all 401(k) plans allow such loans.
Mr. Hale held out for creation of a business investment capital fund that would allow low-interest loans to expanding companies.
He has also persuaded the county to pay full-time drivers to transport 70,000 books each month between libraries, to allow fast and efficient inter-library loans.
The move allowed savings and loans to pay increasingly higher interest rates on deposits.
They also allow loans in buildings with a small negative clash flow.
The law allows unlimited loans, but they are supposed to be paid back by Election Day.
Many participants have suggested allowing loans only to countries that have free elections and a multiparty system.