Get Ready for FHA Bailout

Friday, November 16th, 2012 and is filed under News

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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.