"Nearly eight months after Hurricane Katrina triggered the nation's largest housing crisis since the Second World War, a hastily improvised $10 billion effort by the federal government has produced vast sums of waste and misspent funds, an array of government audits and outside analysts have concluded.
As the Federal Emergency Management Agency wraps up the initial phase of its temporary housing program -- ending reliance on cruise ships and hotels for people sent fleeing by the Aug. 29 storm -- the toll of false starts and missed opportunities appears likely to top $1 billion and perhaps much more, according to a series of after-action studies and Department of Homeland Security reports, including one due for release today."
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http://www.washingtonpost.com/wp-dyn/content/article/2006/04/13/AR2006041302159.html?referrer=email&referrer=email
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