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In what country does HUD think it operates? Or should the question start, "On what planet..." They appear to be a buerocracy within the Republic.
I loved the column. It really hits the mark. Actually what the lenders should do is re-hire those 'expensive' (experienced) employees who could be trusted to make decisions. Even if their salaries were 50 percent more, and health insurance was double, the lenders would be ahead. Of course, that would require planning beyond the end of the quarter.