“What’s the problem at the FHA? It’s almost out of money. But what about all those loans it made? Too many of them have gone bad. Sorry about that. For four years, the FHA has assured Congress that this was not a problem. Sorry about that. What will Congress do about that? Hand out our money, of course. Congress will blame the FHA for making all those bad loans. It will blame the FHA for having misinformed Congress. Then it will reward the FHA to the tune of about a billion dollars. Lesson: nothing succeeds like failure.”
http://teapartyeconomist.com/2013/04/11/another-federal-housing-bailout-fha-needs-943-million/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Debt ceiling suspended: US takes on $300bn in new debt after hitting $16.7 trillion
It's Google's Turn to Be Plundered
Deputy AG Rosenstein’s “Responsible Encryption” Demand is Bad
Karl Rove: NSA surveillance is OK because fictional cops do it on TV shows
Boycott Israel & you won’t get aid donations, Hurricane Harvey victims told
Ron Paul 'Worried' U.S. Might Kill Snowden With Drone
Phoenix Police “Help” a Man to Death
UBS starts Singapore gold-vault service amid bullion rout
Authors Guild demands ISPs monitor, filter Internet of pirated goods
Rancher, armed militias win standoff with Feds; govt returns cattle
Universities to MOOCs: We Will Assimilate You
Government Alienates Americans Abroad By Criminalizing the Innocent?
Treasury Caught Illegally Spying On Americans’ Financial Records
1992 Breaking News – Netanyahu Says Iran Close to Nuclear Weapon
This Major Crowdfunding Site Now Accepts Bitcoin Pledges