Bush housing secretary resigns in corruption scandal

This video from the USA is called Countdown: Bushed! March 31, 2008. It says about itself:

Keith Olbermann’s report on all of the Bush scandals you may have forgotten about because of the latest Bush scandals that have your head over loaded. Tonight’s: Iraq & 9/11-Gate, Mortgage-Gate and Mukasey Said What-Gate.

By Patrick Martin:

Bush housing secretary resigns amid mounting corruption charges

1 April 2008

US Secretary of Housing and Urban Development (HUD) Alphonso Jackson announced his resignation from the Bush cabinet Monday, after weeks of public allegations of favoritism in the awarding of government contracts and punitive treatment of a local housing authority which had refused to make a business deal with a Jackson crony.

While the 62-year-old Jackson cited “personal and family matters” as the cause of his resignation, he became a casualty, at least indirectly, of the subprime collapse and the ensuing crisis in the broader home mortgage market.

Jackson stood side-by-side with Treasury Secretary Henry Paulson last December when the administration announced its “Hope Now Alliance,” which relies on voluntary efforts by mortgage lenders to modify loans for homeowners facing foreclosure. With so much public and media attention focused on federal housing policy, it became a political liability to keep as head of HUD such a discredited political operator.

After Rumsfeld, Rove, etc. etc., another George W. Bush crony bites the dust. Bush and Cheney should be next.

Dismal projections by the Congressional Budget Office in Washington suggest that in the fiscal year starting in October, 28 million people in the US will be using government food stamps to buy essential groceries, the highest level since the food assistance programme was introduced in the 1960s: here.

Swiss bank writes off another £9.6bn and seeks fresh capital as a result of US mortgage crisis; boss resigns: here.