FHA Delays Audit, Yet Another Bailout Coming Your Way

The Business Insider ^ | 11/4/09

[FromLori]

Two House Republicans warned that growing losses at the Federal Housing Administration could lead to a taxpayer-funded bailout and have asked the Department of Housing and Urban Development for data backing up the FHA’s assertion that it won’t need to ask Congress for any taxpayer money.

“Congress and HUD must take whatever steps are necessary to ensure that this program operates in a manner that does not expose the taxpayer to yet another bailout,” wrote Republicans Darrell Issa of California and Spencer Bachus of Alabama in a letter, dated Monday, to HUD Secretary Shaun Donovan.

Continue reading at the WSJ »

[I Buried My Guns]

HUD: giving your hard earned money to ghetto people since 1967.

[Ev Reeman]

All these government agencies are in big financial trouble. Fannie and Freddie Mac. The FDIC. The Treasury Department. HUD. The Social Security Administration. The IRS. So government runs things better, huh. Only if you live on Fantasy Island spending all your time in a hammock drinking tons of Koolaid. Is it any wonder?

[org.whodat]

Congress and HUD must take whatever steps are necessary to ensure that this program operates in a manner that does not expose the taxpayer to yet another bailout,” wrote Republicans Darrell Issa of California and Spencer Bachus of Alabama in a letter, dated Monday

MR Issa, I would say your letter is a little late and a few billion short! HUd properties, housing for illegals.