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The Emergency Homeowners Loan Program is returning more than half of the $1B it was funded with...

The Emergency Homeowners Loan Program is returning more than half of the $1B it was funded with as not enough people were approved in time to receive aid. HUD says setting the program up took longer than hoped and eligibility requirements disqualified more than expected. Only in America.
Comments (3)
  • Windsun33
    , contributor
    Comments (4280) | Send Message
     
    This is what, failed program #184?
    7 Oct 2011, 03:02 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Ah, the government does things so very efficiently. Gosh, let's turn more of our economy over to government bureaucrats! That's the ticket!
    7 Oct 2011, 03:04 PM Reply Like
  • yoguh12
    , contributor
    Comments (76) | Send Message
     
    I am surprised they returned the money. Most government agencies would definitely find a way to buy a 500M dollar coffee machine.
    7 Oct 2011, 05:30 PM Reply Like
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