From the Duh!! Department

According to the Washington Post, the housing aid and assistance in the wake of Hurricane Katrina:

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.

Gven that FEMA and DHS did not have any plans, any program involving that much money and apparently that much mismanagement is guaranteed, to the level of absolute certainty, to have significant waste and fraud.