Dr. Ben Carson Finds $516+ Billion in HUD Budget Errors - Uncle Sam's Misguided Children

Spot on!

And all the Liberals were lambasting Carson for his lack of qualification and saying he had no leadership... Wrong again, as usual.

Didn't say it was wrong but we're under constant scrutiny. When was the last time HUD had their books looked at? By a non-politician?

They have been giving the military a pass budgeting that no other agency has had and have been doing so for decades, When was the Last audit of one of the services? All Branches and offices of the government should be audited on a regular basis.

When was the last time you heard of a major military audit?

Transparency is not a four letter word!

1stSgt Nelson Kerr - you're kidding right? ever heard of triple A? military personnel force structure is validated every year and then there are the various watch dog agencies. Mr. Kerr, please get your account validated so I know if you are really a vet.

I suppose you have more experience than I but, mine does include reading IG reports that are not necessarily reliable. Point is all of the stuff was done before this admin and it has been discovered. Will it get corrected? Who knows. Better question might be how was it allowed to happen?

LTC (Join to see) - I'll smh when this version happens to be Version 4 which does appear to be a re-written version of Version 3; considering that V.3 has 101 pages and V.4 has 126 pages. One other thing to indicate that this is an updated special version is that most of the past reports are dated November of the respective year, whereas the one in discussion is dated March.
We might just ask the accountants on here about GAAP and financial reporting laws and regulations as to if there is a possible criminal action here. However, we probably do not need to since in the summary statement it definitely implies it, to wit: "This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations." Ask any accountant/CPA what that statement can imply and what it means.

Or how about this - for FY 2014 HUD's annual budget was $32.6 billion, and the proposed budget for FY 2017 is $48.9 billion AND there is an admitted discrepancy of $516+ billion in their audit, that is TEN TIMES the size of their budget. And you do not see anything wrong?

LTC (Join to see) - And your point being? I would put even money on the possibility that it was the transition team that asked for the updated audit report, and that it specifically came from Ms. Shawn Krause.
https://www.bloomberg.com/research/stocks/private/person.asp?personId=314423962&privcapId=383606&previousCapId=383606&previousTitle=Quicken%2520Loans%2520Inc.

Capt (Join to see) - Subprime mortgage crisis, does that ring any bells?
See the following -
https://en.wikipedia.org/wiki/Government_National_Mortgage_Association
https://en.wikipedia.org/wiki/Freddie_Mac