Anonymous ID: b47483 Nov. 24, 2018, 4:43 p.m. No.4017939   🗄️.is 🔗kun   >>7993

HUD OIG INVESTIGATIONS MONETARY RESULTS 183 TIMES GREATER THAN THE BUDGET

SEE PIC

KEK!

 

Budget was $49.9 million and actual was $9.2 BILLION

 

sauce - see page 12:

https://www.oversight.gov/sites/default/files/oig-sa-reports/SixteenthSemiannualReport.pdf

Anonymous ID: b47483 Nov. 24, 2018, 4:50 p.m. No.4017993   🗄️.is 🔗kun

>>4017939

^^^Actually was FHFA not HUD but still impressive and nearly half of the monetary results was due to settlement with Royal Bank of Scotland

 

"In many of these investigations, we worked collaboratively with our law enforcement colleagues

in other agencies. A recent example was the joint investigation with the U.S. Attorney’s Office

for the District of Massachusetts into allegations that the Royal Bank of Scotland (RBS) made

misrepresentations to investors about significant risks it failed to disclose about its residential

mortgage-backed securities in the years leading to the financial crisis. RBS agreed to pay a civil

money penalty of $4.9 billion in settlement"

 

sauce p. 14:

https://www.oversight.gov/sites/default/files/oig-sa-reports/SixteenthSemiannualReport.pdf