« Pelosi Is Looking for a Royal Fizbin | Main | Obama at the Bat »

March 11, 2010

James O'Keefe Busts HUD for Tax Fraud

Posted by Gregory of Yardale at March 11, 2010 5:56 PM

All the other right-wing blogs are covering it, so here goes...

This time, there are no prostitutes involved, just a shady, and serious, tax-fraud scheme. The ploy involves the Obama administration's 10 percent tax credit to first-time home buyers. The law says that the credit maxes out at $8,000 for an $80,000 home. But at the Detroit office of the Department of Housing and Urban Development, the rule seems open to interpretation. O'Keefe asks 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 replies.

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

"Yup, you can do that."

For exposing fraud and malfeasance on the part of a large progressive bureaucracy, I expect that Chairman Zero's Amen Corner will be labeling him a "rotten punk" again,