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How $700 million in Katrina relief money went missing
 Where did all the money go?"Your guess is as good as mine," David Montoya, the inspector general of the Department of Housing and Urban Development, says of $700 million in missing taxpayer money that Louisiana homeowners were given in the wake of Hurricane Katrina to elevate and protect their homes from future storms. A new report released from the inspector general's office shows that more than 24,000 homeowners who received grants of up to $30,000 to elevate their homes either misspent or pocketed the money. "The fact of the matter is that the money they received was for a specific purpose and the specific purpose was to elevate these homes to avoid future catastrophes," Montoya tells Power Players. He rates the home elevation program as little more than a complete failure. "Considering there was just under $1 billion earmarked for this particular program and there's $700 million that wasn't used for that, I'd give it a very low D," he says. Who are the dumbshits that actually tried to raise their homes above sea level in that sinkhole? Posted by: GolfBravoUSMC 2013-04-03 |
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