Friday, November 16th, 2012 and is filed under News
There was a lot of news this week about the impending bankruptcy of the Postal Service. Now we are hearing that the Federal Housing Administration is $16.3 billion in the red. So not only has the FHA served as a market-distorting force in the housing market, it is a massive liability to taxpayers. Don’t expect anyone to offer prudent legislation to wind down the FHA.
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