View Full Version : 9/11 Loan Scandal

Digger Dan
09-09-2005, 08:04 AM
Another poker game involving Corporate and Bureaucrat players using Taxpayer stakes:

Banks raided Sept. 11 loans (story in PUEBLO CHIEFTAIN-Friday Sept 9, 2005)

By DIRK LAMMERS and FRANK BASS THE ASSOCIATED PRESS ± The government’s $5 billion effort to help small businesses recover from the 9/11 attacks was so loosely managed that banks gave low-interest loans to companies that didn’t need terrorism relief - or even know they were getting it, The Associated Press has found.

And while some at New York’s Ground Zero couldn’t get assistance they desperately sought, companies far removed from the devastation - a South Dakota country radio station, a Virgin Islands perfume shop, a Utah dog boutique and more than 100 Dunkin’ Donuts and Subway sandwich shops - had no problem winning the government-guaranteed loans.