Friday, December 30, 2005

CBS News | Billions In 9/11 Loans Botched | December 29, 2005 19:33:59

CBS News | Billions In 9/11 Loans Botched | December 29, 2005 19:33:59:
(CBS/AP) A golf course in Texas got $640,000 because people allegedly stayed home to watch television immediately after the attacks of Sept. 11, 2001 instead of playing golf. A dry cleaner in Florida got $420,000 because his business closed for several days after the attacks. And a tanning salon in Las Vegas that got $583,000 because the bank decided tourism was down.

In a program to help businesses after Sept. 11, a high percentage of government-backed loans went to recipients who appeared to be unqualified, some of them unaware they were receiving terrorism-recovery money, investigators report. "
Hey! I could use some money, too. I was traumatized. We all were. No work got done at poor old MOEC, a telecom startup that didn't make it through the bubble-burst. I was laid off for the first time in my life and had to grub for low-wage jobs in the retail sector (I'm a database administrator by trade). But I never tried to get a loan on the entrails of Katrina. Everyone involved in this fiasco should be made to do the perp walk so we can all get a good look at them. Yet another nadir in the history of the Rep's Culture of Corruption and Incompetence.

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