Lynn A. Westmoreland: “As expected in the President's budget released this month, FHA will…”

On the recordFebruary 27, 2012

As expected in the President's budget released this month, FHA will need a taxpayer bailout.

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Georgia

Source

Westmoreland criticizes the FHA's financial needs in the President's budget.

More from Lynn A. Westmoreland

Mar 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.

Apr 28, 2015

What Dodd-Frank did... is cast a net so broad that you caught all the little fishes that you were not intending to catch.

Apr 7, 2014

I have read your bios and I have noticed that you are all attorneys, it seems like you are all bureaucrats, and none of you are bankers.

Apr 28, 2015

What happened at AIG was nothing but greed, and a lot of people were making a lot of money.

Other voices in this conversation

Lynn A. Westmoreland: “As expected in the President's budget released this month, FHA will need a taxpayer bailout.”