CATEGORIES

ARCHIVES

June 2008

May 2008

April 2008

February 2008

January 2008

December 2007

October 2007

August 2007

July 2007

June 2007

May 2007

April 2007

March 2007

February 2007

January 2007

December 2006

November 2006

October 2006

September 2006

August 2006

July 2006

June 2006

May 2006

April 2006

March 2006

February 2006

January 2006

December 2005

November 2005

October 2005

September 2005

August 2005


XML FEEDS

Atom

RSS

CONTACT

Send suggestions to:

blog@housing.com

RSS Feed
Add to My Yahoo!
Add to MyMSN
Subscribe at NewsGator Online

Links

Architecture
Archinect
FabPreFab
Land + Living

Bubble Blogs
Marin Real Estate Bubble Blog
The Housing Bubble Blog
Bubble Meter
The Boy In The Housing Bubble
New Jersey Real Estate Bubble
Design
Design Public
NY Times House & Home
Green
Alternative Fuel Watch
TreeHugger
Green Links
Real Estate
Apartment Therapy
Curbed
Inman News
MSNBC Real Estate
NY Times Real Estate
Mortgage & Finance
Bankrate Blog
CNN Money
Other
AskMetaFilter
Getting Things Done


Powered by
Movable Type 3.2

Hurricane Housing: And Your Money Back....Whether You Like It Or Not


Thanks to FEMA's monolithic incompetence, thousands of hurricane survivors from both Katrina and Rita who got money they didn't need are going to have to pay it back.

How much do you want to bet that those notices are going to go to people who DID need the aid and are just being squeezed to pay for the Iraq war, eh?

Let's be clear: Everyone who spent their $2,000 debit card allotment on strip clubs or Louis Vitton bags should pay up. But as the AP article notes, a good portion of those incorrect payments were due to mistakes FEMA made in the processing. To be fair, the agency was monumentally overworked and relying on untrained volunteers to process all of these claims, but if they'd had more transparent oversight, there would have been a lot less in the way of fraud.

I especially love the whole IRS-esque "set up a payment plan" nonsense. These guys KNOW most of these people won't have the dough to pay that money back immediately, and even at 2 percent interest, if it compounds daily, you're looking at an extra $100 a month, each month, not including penalties. Good luck getting that off your jacket.

And how's all that FEMA money being spent? Well, apparently people who have been begging for trailers are getting left out in the cold, while unused trailers sit vacant and FEMA can't be bothered to move them.

Your tax dollars at work:

Posted at April 23, 2006 07:53 PM

digg this story

Trackback Pings

TrackBack URL for this entry:
http://weblog.housing.com/cgi-bin/mt/mt-tb.cgi/158


Go back