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As the Federal Housing Authority is called upon to help stem the tide of foreclosures, its top official Alphonso R. Jackson has resigned amidst allegations that he gave cushy housing contracts in the Virgin Islands and New Orleans to his pals. [NYT]

As the Federal Housing Authority is called upon to help stem the tide of foreclosures, its top official Alphonso R. Jackson has resigned amidst allegations that he gave cushy housing contracts in the Virgin Islands and New Orleans to his pals. [NYT]

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