THREE DECADES OF POLITICS AND FAILED POLICIES AT HUD -- BY TAD DeHAVEN, CATO Institute

The U.S. Department of Housing and Urban Development has long been plagued by scandals, mismanagement, and policy failures. Most recently, HUD's subsidies and failed oversight of Fannie Mae and Freddie Mac helped to inflate the housing bubble, which ultimately burst and cascaded into a major financial crisis.

Given this giant policy blunder, now is a good time to review the many failures in HUD leadership over the years

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