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Waste Of The Day: Millionaire Mortgages
Waste Of The Day: Millionaire Mortgages
Authored by Jeremy Portnoy via RealClearInvestigations,
The Department of Agriculture's Section 502 loan programs help low-income families buy homes with mortgages that don't require a down payment. But in 2013, an investigation by Reuters found dozens of millionaires took advantage to purchase vacation and rental homes.
Though the millionaires later repaid their loans, the program as a whole covered $500 million in losses from defaults in 2013, or $715 million in today's money.
That's according to the "Wastebook" reporting published by the late U.S. Senator Dr. Tom...
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Apr 12, 2026 / Dave DeCamp
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Sep 22, 2026 / Tyler Durden
The Riots Never Came: Has The Protest Machine Stalled, Or Is It Regrouping
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Summer has ended without riots.
In Part One, we examined whether Treasury Secretary Scott Bessent's crackdown on NGOs was having an effect. We now revisit that question, examining the far-left groups and subversion networks involved in mounting a revolution against the U.S.
The National Network on Cuba released a "National Rapid Response Plan" that called for nationwide actions against U.S. bases, ICE, and other federal facilities. Nothing happened. Black Alliance for Peace published an interactive map of U.S....
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