Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DoctorMichael
......Chiang, the DSCC's director of constituency outreach and a former Clinton administration official......(was) ......appointed by President Clinton as an adviser at the Department of Housing and Urban Development (HUD), where he served as an adviser to Secretary Andrew Cuomo.....

Maybe there's another reason why this thief pled guilty to a lesser crime. HUD under Clinton/Cuomo was the most single scandal-ridden govt agency (and that's saying a lot).....hundreds of millions of HUD tax dollars went missing.

INSIGHT MAGAZINE Why Is $59 Billion Missing From HUD? By Kelly Patricia O'Meara

The Department of Housing and Urban Development (HUD) has earned a failing grade from the House Government Reform subcommittee on Government Management for the way the agency manages taxpayers' money. Subcommittee chairman Stephen Horn, R-Calif., is said to be furious that HUD's most recent financial report shows the agency is unable to balance its checkbook and cannot account for $59 billion.

For most Americans, it is incomprehensible that $59 billion could be missing from the ledger of a single agency. But despite years of earning failing grades - as well as years of being unable to account for tens of billions of dollars - the Clinton/Gore management team at HUD has continued to shell out hundreds of millions of dollars to the same contractors hired to ensure financial systems are in place and working. It doesn't take a certified public accountant to see that HUD Secretary Andrew Cuomo's financial house is not in order, and Susan Gaffney, the inspector general (IG) of HUD, tells Insight, "It's more serious than you know."

This dire yet brutally honest evaluation by the IG came in response to questions about her testimony concerning HUD's 1999 audit, delivered before Horn's subcommittee in May. And HUD's 1999 audit still has not been completed even as the agency is nearing the starting date for the 2000 audit. Instead, Gaffney submitted a 14-page "summary" for 1999, providing a laundry list of systemic reasons for HUD's financial woes. Indeed, it took Insight a day and a half just to make sense of the IG's simplified testimony concerning these financial shenanigans.

LONG READ--REST HERE

http://64.233.161.104/search?q=cache:QM_Bn94RrIEJ:www.insightmag.com/main.cfm%3Finclude%3Ddetail%26storyid%3D208636

19 posted on 02/16/2005 7:21:13 AM PST by Liz (Wise men are instructed by reason; lesser men, by experience; the ignorant, by necessity. Cicero)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Liz

Following in the footsteps of his 'mentor'?


22 posted on 02/16/2005 7:24:13 AM PST by DoctorMichael (The Fourth Estate is a Fifth Column!!!!!!!!!!!!!!!!!!!)
[ Post Reply | Private Reply | To 19 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson