HUD Chief Inattentive To Crisis, Critics Say

Washington Post by Carol D. Leonnig | Apr. 13, 2008 (News Report)

In late 2006, as economists warned of an imminent housing market collapse, housing Secretary Alphonso Jackson repeatedly insisted that the mounting wave of mortgage failures was a short-term "correction." Full Story »

Posted by Leo Romero

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3.5

by Bourne Morris - Oct. 1, 2008

A good story about HUD and the president's wish to increase home ownership during his tenure. However it needed to be balanced against the sub-prime mortgage costs created by private lenders to get the whole picture. HUD owns a piece of this disaster but we can't tell how big a piece from this article.