Monday, June 19, 2006

Giant opportunity for corruption! Giant! | AP Top Stories:
"Lawmakers have agreed on how to deal with the scores of hurricane damaged properties expected to be bought by the state through the Louisiana Recovery Authority's housing program.

Under a bill by Sen. Lydia Jackson, D-Shreveport, which was sent to Gov. Kathleen Blanco on Sunday, a nonprofit corporation will be set up under the Louisiana Housing Finance Agency to receive the property and decide what to do with it.

Several senators said it is their understanding that the Louisiana Road Home Housing Corporation would hold the titles to property bought by the state, but the intention of recovery authority officials is to transfer bundles of land to local groups to make the redevelopment decisions."
This is where plenty of opportunities for graft, corruption and theft will come from. We'd better hope that there are watchdogs, safeguards and audits aplenty on this agency or it will be a giant cash cow for the well-connected, the clever and ingenious, and the pure dumb dishonest.

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