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"This book is about the ubiquity of boundaries in social, economic, and political life"--
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Mention the Department of Housing and Urban Development and the word "scandal "comes to mind. When it comes to recent history, the association is quite accurate; in 1989-90 congressional panels were investigating "abuses, favoritism, and mismanagement" at HUD; in 1954 HUD's predecessor, the Federal Housing Administration, was targeted by the FBI for involvement in fraudulent home-improvement schemes; in the 1970s HUD was scrutinized for lax lending standards, blatant overappraisals, and shoddy housing. In this ground-breaking volume, Irving Welfeld, a senior analyst with HUD, describes and explains these sensational episodes as well as a series of hidden blunders that have cost taxpayers bil...
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