Thursday, December 29, 2005

9/11 Loans Weren't to those that qualified

BREITBART.COM - SBA: Many That Got 9/11 Loans Weren't Hurt: "Most companies interviewed about the government-backed Sept. 11 loans they received have told investigators they weren't hurt by the suicide attacks and didn't know they were getting terrorism assistance, an internal government investigation found. The Small Business Administration's inspector general also reported Wednesday that lenders who doled out billions of dollars in such loans failed 85 percent of the time to document that recipients were actually hurt by the terrorism attacks and therefore eligible for the federal aid.

The IG, the agency's internal watchdog, concluded only nine loan recipients in the 59 cases sampled appeared to be qualified for the special disaster loans. The report said SBA officials told lenders they would not be questioned on how they gave out money."

Not much to say, just more bloated government ineffeciency.


Dyspraxic Fundamentalist said...


Palm boy said...

Does England have the same problem?

Dyspraxic Fundamentalist said...

We have a much more bloated governemnt and just as much inefficency.