FEMA Taking Hit on Sale of Surplus Trailers
The Federal Emergency Management Agency (FEMA) quickly bought 145,000 trailers and mobile homes just before and after Katrina hit, spending $2.7 billion largely through no-bid contracts. Now, it is selling off as many as 41,000 of the homes, netting, so far, about 40 cents on each dollar spent by taxpayers. Our government at work ladies and gentlemen.
