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Clearly a stain on free enterprise almost as dark as the scene in The Best Years of Our Lives (1946), cited in an FBI report, where a banker, "'basely, inquires concerning collateral before endorsing a GI loan to be made with his depositors' money.
Figure 3 shows the amortization of the 30-year, no-downpayment 4 1/2% GI loan.
VA authorized an increase to 5 1/4% for the interest charged on GI loans.