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tuous relationship between defense contractors and government personnel, including Reagan appointees), will cost taxpayers at least several billion dollars.
• The Farm Credit System bail out, necessitated by reckles lending policies and inadequate oversight, will cost approximately $5 billion.
• Housing and Urban Development (HUD) scandals featuring waste, abuse, fraud, and profiteering in the administration of HUD programs, will cost taxpayers $4 billion to $8 billion after all the bills are paid. James Watt, Reagan’s Secretary of Interior, for example, received a commission of $300,000 for peddling his influence at HUD in
93.5%