William O. Douglas

“ The obtaining of credit risk insurance from the Government by fraudulent means is a form of plundering as flagrant as the presentation for 'payment or approval' of any other type of claim against the Treasury. ”

“ For the United States has been induced by fraudulent representations to insure these loans. One who has the endorsement of the United States on his paper has acquired property of substantial value. It is a property right of value because it represents a claim against the United States. ”

“ After the details of the transaction have been reported to it, FHA computes the insurance premium which will be due and payable by the lending institution, records the transaction, and acknowledges the loan for insurance. Ibid.↑ Cong.Globe, 37th Cong., 3d Sess. 952 (1863) ; and see H.R.Rep. No. 2, 37th Cong., 2d Sess.
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