On Wednesday the House Financial Services Committee held a second in a scheduled series of hearings to look into the financial condition of the Federal Housing Administration (FHA).  The sole witness at the hearing titled “Bailout, Bust, or Much Ado about Nothing?: A Look at the Federal Housing Administration’s 2012 Actuarial Report” was Carol Galante, Assist Secretary of the Department of Housing and Urban Development and Acting FHA Commissioner. Galante briefly

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