Place hot peppers in a small amount of water in a small saucepan. Bring to a boil. Reduce heat, and simmer 30 minutes. Drain well. Finely chop peppers, and set aside.
Brown meat in oil over medium heat in a large Dutch oven. Drain well. Add chopped peppers and water. Bring to a boil. Reduce heat, and simmer 30 minutes.
Add garlic, salt, oregano, cumin, red pepper, chili powder, and hot sauce; bring to a boil. Reduce heat, and simmer 1 hour and 30 minutes. Add Masa Harina, stirring well. Cover and cook over low heat 30 minutes.