It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
In one of his first acts as HUD Secretary, Carson ordered an audit of the agency. What he found was staggering: $520 billion in bookkeeping errors.
He has found over $500 billion in bookkeeping errors.
This audit report contains nine material weaknesses, eight significant deficiencies in internal controls, and six instances of noncompliance with applicable laws and regulations. These weaknesses were due to an inability to establish a compliant control environment, implement adequate financial accounting systems, retain key financial management staff, and identify appropriate accounting principles and policies
originally posted by: Xcalibur254
This issue clearly extends beyond the Obama administration. The HUB has an annual budget of only about $50 billion. So if even all of their money went missing every year Obama was in office it still wouldn't be enough.
Let's be fair HUD is hardly the only department with these issues *cough cough DoD cough cough* and they stretch back decades. So why would you try to pin this strictly on Obama?