Congress scrutinizes problems in home...

Congress scrutinizes problems in home buyer tax credit

There are 28 comments on the The Jersey Journal story from Oct 22, 2009, titled Congress scrutinizes problems in home buyer tax credit. In it, The Jersey Journal reports that:

The rush to implement a tax credit for first-time home buyers opened the program up to potential fraud by people who hadn't bought a home or already owned one, Congress was told today.

Join the discussion below, or Read more at The Jersey Journal.

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Since: Dec 07

Ft Lauderdale

#21 Oct 22, 2009
Danny_Livewire wrote:
<quoted text>
fraud exist in EVERYTHING... haliburton anybody?
Private sector is even worse with it.. The point is to catch it. If nobody is investigating, than you know there is a problem.
When the group doing the investigating, Congress, is more corrupt than anyone they're investigating, there's a problem.

“I'm not nuts. Just different”

Since: Mar 08

Cheswold, Delaware.

#22 Oct 23, 2009
idiot obama wrote:
<quoted text>60% of cars sold under obama's clunkers program were foreign brands. obama has been quite effective at creating jobs for the Japanese and Koreans while creating massive national debt for America.
Maybe obama could pay the Japanese to take homes in the US and present the bill to the American middle class.
Car sales were down 23% last month.

http://www.reuters.com/article/newsOne/idUSTR...

Sure glad all that money is keeping people working.
Pink Slip Congress

United States

#23 Oct 23, 2009
Just goes to show everything the congress get it's hands on it screws up.

Time to throw them all out of office.
Jrdn

San Jose, CA

#24 Oct 24, 2009
BAH BAH wrote:
Another Government program with fraud in it! Who would have thunk it? LOL
Maybe they (Congress and Senate) should stop writing 1,000 plus page bills and actually write them in plain language, not lawyer talk crap, that even lawyers can’t agree on what it says!
How’s this for a plain bill?
An $8,000 credit is made available for ALL LEGAL U.S. CITIZENS to help in the purchase of a house. This credit may only be used once per person.
To assist in making these loans, all lending institutions most use the E-Verify System for ALL applicants.
If any lending institution makes a loan without using the E-Verify System, they will be fined 5 times the loan amount, for each loan that E-Verify was not used, even if made to Legal U.S. Citizens.
If it is found after the original lending institution sold the loan to another institution, that the originator never used the E-Verify System, the original lending institution will be fined $1 Million for every loan not in compliance. And ANY NON-LEGAL CITIZEN that is found to have used this credit will be deported immediately.
This credit is available to ALL U.S. CITIZENS, but preferential treatment will be given to First Time Home Buyers.
How plain is this? Not plain enough, IMHO. It should read ....

"An $8,000 credit is made available for ALL LEGAL U.S. CITIZENS over the age of 18 and who is born to at least ONE US parent to help in the purchase of a house. This credit may only be used once per person.
Pink Slip Congress

United States

#26 Oct 24, 2009
http://video.foxbusiness.com/10927398/treasur... #

Thousands of Illegals aliens (3,000) have claimed credits for first-time homebuyers.

http://www.foxbusiness.com/story/markets/trea...

53 IRS employees have illegally or inappropriately claimed credits for first-time homebuyers.
Jrdn

San Jose, CA

#27 Oct 25, 2009
Pink Slip Congress wrote:
http://video.foxbusiness.com/1 0927398/treasury-irs-employees -abused-credit/?category_id=12 92d14d0e3afdcf0b31500afefb9272 4c08f046#
Thousands of Illegals aliens (3,000) have claimed credits for first-time homebuyers.
http://www.foxbusiness.com/story/markets/trea...
53 IRS employees have illegally or inappropriately claimed credits for first-time homebuyers.
And, the corruption just keeps on .....

“Love of $ is the Root of Evil”

Since: Sep 08

Gotham City

#28 Oct 27, 2009
Bahia Honda wrote:
<quoted text>
When the group doing the investigating, Congress, is more corrupt than anyone they're investigating, there's a problem.
That is a BIG problem. But how do you fix it?

I believe that we need more laws on the books restriction what politicians should be allowed to vote on. If you or your family own a corporation that can profit from a law, then it should be criminal for you to vote on that law.

Any other ideas?

Since: Dec 07

Ft Lauderdale

#29 Nov 3, 2009
Danny_Livewire wrote:
<quoted text>
That is a BIG problem. But how do you fix it?
I believe that we need more laws on the books restriction what politicians should be allowed to vote on. If you or your family own a corporation that can profit from a law, then it should be criminal for you to vote on that law.
Any other ideas?
Turn over the investigations to the FBI.

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