Congress to Investigate 9/11 Loan Abuses
WASHINGTON - Congress will investigate the "flagrant abuse" of a federal loan program designed to help businesses recover from the Sept. 11 attacks and make sure such problems don't occur with Hurricane Katrina relief, a key Senate Republican announced Friday
Sen. Olympia Snowe, R-Maine, chairwoman of the Senate Small Business and Entrepreneurship Committee, announced the investigation in response to an Associated Press story Thursday that showed the federal program was so loosely managed that it gave low-interest loans to companies that didn't need terrorism relief or even know they were getting it.
"The apparent widespread abuse of loans provided through the Supplemental Terrorist Activity Relief Act is nothing short of an outrage," Snowe said.
Read the full article Here
Sen. Olympia Snowe, R-Maine, chairwoman of the Senate Small Business and Entrepreneurship Committee, announced the investigation in response to an Associated Press story Thursday that showed the federal program was so loosely managed that it gave low-interest loans to companies that didn't need terrorism relief or even know they were getting it.
"The apparent widespread abuse of loans provided through the Supplemental Terrorist Activity Relief Act is nothing short of an outrage," Snowe said.
Read the full article Here
posted by _H_ at 1:37 am
3 Comments:
This is retarded. People always abuse the Govnt handouts. FEMA was paying for roofs damaged 3 months before hurricane Ivan ever hit, they cant aford the law suits, so they just hand out cash. This is smoke and morros to hide how they missed the Able Danger report, and how this wacky memorial for flight 93 that crashed in PA is going to be... drum roll
A red cresent!
Why is our Senate so reactionary? AP reports about it (know one knew about this before?), and suddenly the Senate is "outragged".
I'm waiving my bull shit flag.
this is one i am posting just as i find it G , I have no more information then what AP is reporting ,
wait and see if it turns into anything i suppose
yeah
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