A top Obama administration official said Thursday that he could not guarantee that efforts to shore up a key government housing agency won't save it from needing a taxpayer bailout next year.Because 30-to-1 leverage is riskier than any hedge found out there today. Your federal government at work.
Thursday, December 06, 2012
HUD Secretary Donovan says he can't promise FHA won't need bailout
The L.A. Times reports: