The Nation - News from April 7, 1987
The General Accounting Office will propose a temporary federal board to oversee the financially struggling Farm Credit System, patterned after the bailout of the Chrysler Corp., according to a statement prepared for delivery today to the House Agriculture subcommittee on conservation, credit and rural development. The testimony did not specify the amount of a bailout. The 37-bank system lost $1.9 billion in 1986.
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