FHA challenged on projected risk to taxpayers
The Federal Housing Administration will need taxpayer money because it failed to properly project how borrowers with FHA-backed loans are affected by job losses and diminished equity in their homes, New York University professor Andrew Caplin told a House panel Thursday.
Really?
I wonder what the F.H.A. did wrong? Could it be that the F.H.A. based their estimates on false assumptions? Could it be that the F.H.A. drank the kool-aid and believed every lie that the Barack Hussein Obama administration spewed forth? Like the economy had been saved? Like the great depression had ended? Like the recovery had begun? If so, it is understandable how all their estimates would be wrong. However, what is NOT understandable, is why the F.H.A. didn't open their eyes to see what was happening around them, and then come up with a more accurate estimate.
This is your tax dollars hardly at work.
Aren't you glad that this is the kind of analysis you will get when the government takes over your health care?
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