Shocking Audit Finds Obama Admin Funneled $500 BILLION, But That’s NOT the Craziest Part!


Barack Obama’s administration will forever go down as the shadiest and least transparent in history. There is no question about it.
Anyone who tells you otherwise is flat out lying.
The latest example of malfeasance shows Obama’s HUD dept. miscalculating $500 BILLION! How does that happen?
HUD reissued its fiscal years 2016 and 2015 (restated) consolidated financial statements due to pervasive material errors that we identified.
The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively. There were several other unresolved audit matters, which restricted our ability to obtain sufficient, appropriate evidence to express an opinion. These unresolved audit matters relate to (1) the Office of General Counsel’s refusal to sign the management representation letter, (2) HUD’s improper use of cumulative and first-in, first-out budgetary accounting methods of disbursing community planning and development program funds, (3) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial statements that we could not audit due to inadequate support, (4) the improper accounting for certain HUD assets and liabilities, and (5) material differences between HUD’s subledger and general ledger accounts. This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations.
So wrong on so many levels. This is partially why Barack was so awful, other than the fact that he divided Americans based on race.
Let us know your thoughts on Obama and his waste of time in office in the comment section!
Facebook Comments

Comments

  1. He is a failure and I don't care what " great " school he graduated from, he is dumb; must not have great learning capacity or he skipped school a lot. He wanted to divide and destroy America and that is what he succeeded at. Worst president ever. Wake up Dumbocrats, your leaders suck.

    ReplyDelete

Post a Comment

Popular posts from this blog

WIKILEAKS BOMBSHELL: ‘IF TRUMP DOESN’T TAKE CLINTON DOWN, WE WILL’

Meryl Streep Bashed Donald Trump At Award Shows, Goes Into Hiding As Sick Secret Comes Out

Just In:Trump decides to cut US aid to UN. $5 Billion will Stay in the United States!Do You Support This?