Thursday, March 11, 2010

Hoooooboy. O'Keefe PWNS Housing, Urban Development

This will be a lot of fun when it's out there.

Late last year, O’Keefe and fellow activist Joe Basel went into the Detroit and Chicago offices of the U.S. Department of Housing and Urban Development (HUD) with a hidden camera. They pretended to be scam artists, asking employees there to participate in a complex kickback scheme involving federal incentives for first-time home buyers. In the excerpted footage shown to me by O’Keefe, the staffers seemed only to happy to comply.

The law says that the tax credit maxes out at $8,000 for an $80,000 home. On the tape, O’Keefe asked a staffer, “What if I bought a place for $50,000, but the seller and I agreed to write down $80,000 as the purchase price?”

“Flip it any way you want,” the staffer replied.

What if the place is worth much less — like only $6,000?

“Yup, you can do that.

Check the combox at the link (above). LeftOWackies don't like it when their Social Programs are stuck like a fat pig before consumption.


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