Monday, 12 January 2026

What Is With All This Fed Investigation Stuff?

 First, if you just wanted to renovate  a single bathroom in a DC fed building....by the time you finish with the simple project....you probably would have spent near $200,000.  So with the one  single Fed building....you can  figure any upgrade/improvement....would have been $500-million.

Second, at the end of 2024.....at the one-third point of  the project....they'd spent near $700-M.  

By the end of 2025, they'd spent near $500-M.  

At present, the end-total will be in the range of $2.5-B.  

Third, none of the money is congressional-given funds....it's  Fed-profits.  

You can figure that the project....probably still 30-to-40 percent to be done....will go past the $2.5-B. 

So Powell probably didn't grasp the full details of what was going on, and some investigation will reveal crappy planning.  Worth jail-time?  I doubt it....but some kind of change has to occur to prevent this from repeating.

No comments: