Letters to the Editor   We need urgent Genesis enquiry. March 25, 2010. The letter from Bryan Latter, (Rented homes sale protest is justified, Mar 12), highlights the scandal surrounding the loss of social housing. But things are even worse. Genesis Housing Group, the central player, owes £1.2B, and is paying out in interest payments £125,000 per day. This money comes principally from tenants's rent, and explains our appalling standard of service and maintenance. It also explains why Genesis, Paddington Churches Housing Association, sells at auction virtually any flat that comes empty. This is no solution to a problem which arises largely from their borrowing on a bond issue £250m at the rate of 6%. Why are they borrowing all this? To add to their current mountain of boxy, little flats which they cannot sell. Its regulator, now the Tenant Services Authority, must, as a matter of extreme urgency, set up an open enquiry. Yours sincerely,   Peter Rutherford, Independent Federation of Genesis Residents. http://www.ifgr.org.uk   http://www.ifgr.org.uk http://www.whhashortlife.co.uk