Three Decades of Politics and Failed Policies at HUD
Implode-Explode Fed News Comments (0)
“The U.S. Department of Housing and Urban Development has long been plagued by scandals, mismanagement, and policy failures. Most recently, HUD’s subsidies and failed oversight of Fannie Mae and Freddie Mac helped to inflate the housing bubble, which ultimately burst and cascaded into a major financial crisis.
Given this giant policy blunder, now is a good time to review the many failures in HUD leadership over the years. This study discusses how HUD officials operate within a highly politicized environment, which is heavily influenced by the groups that HUD subsidizes and regulates, including the housing industry, financial institutions, and community activists.”
November 23, 2009
