Chicago Housing Scam Update:Housing aid won't be repaid -- Daley

The Chicago Sun-Times reports:

Mayor Daley said he doesn't expect the city will ever be reimbursed by people who got government subsidies to purchase "affordable" housing, only to flip the property for a profit.

A Chicago Sun-Times investigation revealed that 50 taxpayer-subsidized affordable homes at University Village were resold -- often within just months -- for huge profits.

That's the Chicago Way.