FEMA Mismanaged $3.6 Billion in Katrina Contracts

FEMA exposed taxpayers to significant waste - and possibly violated federal law - by awarding $3.6 billion worth of Hurricane Katrina contracts to companies with poor credit histories and bad paperwork, investigators say. FEMA did not take adequate legal steps to ensure that the companies were small and locally operated, resulting in a questionable contract award to a large firm with ties to the Republican Party.

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