NEWS
July 2, 1989 | RONALD J. OSTROW and WILLIAM J. EATON, Times Staff Writers
The crime is all the more insidious because it thrives in areas of severe economic distress--Texas, Oklahoma and Colorado these days. A straw buyer obtains home financing backed by the federal Housing and Urban Development Department and then signs the house over to a conspirator who would not have qualified for HUD financing himself. The conspirator, who might have as many as 50 such deals alive at one time, offers the home for rent but makes no mortgage payments.
MAGAZINE
June 24, 1990
It is not hard to understand why the Young Americans for Freedom see both the government and business interests as enemies of the people. The HUD scandal is just one example where big business, and big government, under the guise of being "custodians of the poor," conspire to feed at the public trough. I am still a Republican, so as to remain socially acceptable. However, a large part of my heart and mind goes out to the Young Americans for Freedom, as I become increasingly disgusted and disillusioned by the liberal values of our society.
CALIFORNIA | LOCAL
June 29, 1989 | CLAUDIA LUTHER, Times Political Writer
Angela (Bay) Buchanan of Irvine, a Republican candidate for state treasurer, expressed confidence Wednesday in the integrity of her campaign consultant despite his firm's involvement in a fee scandal at the Department of Housing and Urban Development. Roger Stone, who has been advising Buchanan for several months, resigned Tuesday from the New Jersey gubernatorial campaign of Rep. James Courter (R-N.J.) in the wake of publicity linking the firm to the HUD scandal. "I have complete confidence in Roger Stone's integrity and his competence as a campaign strategist," Buchanan said in a statement issued by her press aide, Liz Maas.
CALIFORNIA | LOCAL
August 24, 1989
We can bail out the S & Ls for an estimated $300 billion; we can send millions to the Contras and our Central American cronies; we can lose billions in the Pentagon procurement program and the HUD scandal, but we can't find a few million for reparations to our citizens of Japanese descent who were detained illegally and sent to camps during World War II. Adding insult to injury, most of these people lost or had to sell their property and possessions as...
CALIFORNIA | LOCAL
August 17, 1990
After the savings and loan scandal, the HUD scandal, the EPA scandal and the Pentagon spending scandal, the next scandal to be uncovered will be the redevelopment scandal in the cities across the nation. Developers are moving in and promoting the stealing of private property from owners of property just because these properties happen to be on valuable land that offers developers profit-making opportunities. The city government is encouraged to expropriate this private property, giving the rightful owners minimal compensation which would not permit them to even begin to duplicate their investment at current market prices.
CALIFORNIA | LOCAL
October 26, 1990
In response "Young America Is Looking Out for No. 1," by Michael Josephson (Commentary, Oct. 16): I will concede that the ethics of my generation tend to be lax. Now, I'd like you to consider where we've been getting our ideas from. When President Reagan gave tax breaks to the rich so the money would "trickle down" to the poor, who came first? When members of Congress voted themselves a raise as the national debt climbed to its highest in our country's history, who came first?