U.S. Housing Secretary Hangs It Up
Today, Alphonso R. Jackson resigned from his post as secretary for U.S. Housing and Urban Development to “spend more time with his family.” Why does every CEO or high-ranking person say that? Do they expect us to believe it? Or is it just nicer than saying, “hanging out at home being unemployed?”
Either way, the New York Times had this to say:
The announcement came as federal authorities were investigating whether he had given lucrative housing contracts in the Virgin Islands and New Orleans to friends.
No word on who would replace Jackson for the next 10 months.
Posted on Monday, March 31st, 2008
Under: Foreclosure Fever, The Market | Comments Off


