New homes for Katrina Victims

Victims of Katrina who are yet to find a home can cheer to some good news. President Bush today unveiled a new housing scheme dubbed the clip housing, and encouraged everyone to avail the scheme.

The scheme involves giving every victim a paper clip, the common variety found in every office supplies store. The victims have to barter the paper clip for something and that thing for something else, and repeat the process till they end up with a house.

FEMA Director, Paulison, said that the scheme, originally proposed by his predecessor, Robert Brown, was being test run since last one year to measure the success and viability of the proposal. "I am happy to say that the test subject has successfully managed to obtain a house starting with nothing but a paper clip".

Kyle MacDonald, who traded up his red paper clip for a house could not be reached for comment because his house is in a different country.

President Bush said that FEMA has already been sending truck-loads of paper clips to the refugee camps so that the victims of Katrina can start rebuilding their homes and their life.

An independent audit, however reported that many of the victims have been misusing the government handout and trading up their paper clips for adult videos, lap dances, vacations and other non-essential goods.