On the recordMarch 12, 2013
The FHA is insolvent. If FHA were a private mortgage insurance company or one of my community banks, it would have failed a long time ago.
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congress.govLynn A. Westmoreland: “The FHA is insolvent. If FHA were a private mortgage insurance company or one of my community banks, it would have…”
Editor's note · Context
Westmoreland criticizes the FHA's financial stability and its deviation from original purposes.
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What happened at AIG was nothing but greed, and a lot of people were making a lot of money.
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