Posted on 10/19/2009 7:48:45 PM PDT by Praxeologue
Obama Administration screws the people after encouraging them to take the handout
The credit is 10% of the purchase price; up to $8,000 maximum.
A FHA loan would require a 3.5% down payment. Rounding up gives a payment of around of $420/month principal, interest and PMI. Figure $600 total payment with taxes and insurance.
That would need a income of around $1,500/month with no other debt
Tying it Together: Massive, Pernicious Fraud
The entire finance and real-estate “industry” is filled with massive, pernicious fraud, and we now have only one question remaining - will The Government do its lawful and mandated job, that of prosecuting the bad actors, or has it joined with the fraudsters, become one with them, and thus, declare itself as a gang of mobsters rather than a legitimate government? The latter, of course will beg only the question of what should be an ordinary American’s response.
http://market-ticker.org/archives/1514-Tying-It-Together-Massive,-Pernicious-Fraud.html
Four-Year Old Buys House With Federal Money
http://www.businessinsider.com/four-year-old-buys-a-house-with-stimulus-money-2009-10
$35 Billion Slated for Local Housing
http://online.wsj.com/article/SB125409967771945213.html?mod=rss_whats_news_us
Well-Heeled Abuse Shelter Implicated in NYC Housing Scam
http://www.renewamerica.com/columns/roberts/091022
Maybe the Dallas Cowboys starting lineup?
Stiff, a 25-year veteran of the IRS, will help oversee SB/SE, one of four operating divisions within the IRS. The division employs almost 44,000 workers and oversees a variety of compliance programs for individuals and small businesses. It serves 45 million taxpayers.
“Linda brings with her an extensive background in tax administration that will serve her well in this key position,” Everson said. “As the IRS enhances its enforcement efforts, Linda’s strong background in compliance will be a real asset.”
Prior to her appointment, Stiff served as the Director, Compliance in the IRS Wage and Investment (W&I) Division, where she focused on taxpayer groups that demonstrated a high risk of non-payment and returns that posed a high risk of non-compliance.
“Linda’s insight and expertise will help SB/SE move forward on a variety of important areas,” SB/SE Commissioner Kevin Brown said. “She’s a valuable addition to the SB/SE team, and we look forward to working with her.”
Stiff began her IRS career in 1979 as a revenue agent in Jacksonville, Fla., and subsequently advanced into a number of management positions. She has served as the Business Review Executive for the Chief Operations Officer, the National Director of Governmental Liaison and Disclosure, the Chief of Staff to the IRS Commissioner, the Senior Advisor to the Chief Operations Officer and Senior Advisor to the Commissioner of W&I. Stiff also played an important role in the recent IRS reorganization.
She is a graduate of Rollins College in Winter Park, Fla., and holds a Bachelor of Science Degree in Accounting.
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