Friday 18th of May 2012
| HUD boss Donovan jumps into Obama mortgage melee |
|
|
|
|
Glenn Thrush writes February 21 at Politico: Expect to see more of Shaun Donovan between now and November. The U.S. Department of Housing and Urban Development, which Donovan has run since the start of the Obama administration, has been a backwater of corruption, cronyism and ineptitude in the worst stretches of its history — and outgunned and overshadowed by the Treasury Department more recently. But Donovan, a boyish former New York housing official, is gaining substantial new leverage within the administration and a seat at the grown-up’s table, thanks to his deft drafting of a landmark $20-plus billion mortgage fraud settlement announced this month — and the election-year reality that President Barack Obama needs to show progress on the housing crisis, and fast. |
Latest News
- Europe admits Greece exit preparation
- Magnetar Probed Over NIR-Linked CDO
- Enabling Disability Fraud
- Lawrence Lindsey: Why Washington Hates Jamie Dimon
- Foreclosures down, short sales up. Are banks getting smart?
- Exclusive: Over 55 and Jobless, Americans Face Tough Hunt
- 'Naked Short Selling'
- From 'Caveman' to 'Whale'
- U.S. Sen. Bob Corker calls for hearing on JPMorgan's $2B trading loss
- Greek Depositors Withdrew $898 Million From Banks Monday
- Groping towards Grexit
- Ally to wind down mortgage business after ResCap sale
- Judge strikes down union election rules
- Missing: Stats on Crisis Convictions
- KRUGMAN: Here's How The Whole Eurozone Could Unravel In Just A Matter Of Months
Web Site Development by Dark Twin Marketing Web Site Design and Graphics by Cassie Designs


