There's a scandal in New York that bears greatly on the anticipated $200 billion proposal to rebuild New Orleans and other devastated areas of the south.
We know that about half the money went to businesses outside of lower Manhattan.
Here's an example of the coverage:
36 Million in 9/11 loans went to Tampa : Tamba Bay 10
and another
Congress must keep 9/11 loan disaster from repeating : Yakima Herald
and a more complete account from the
Associated Press
The government's $5 billion effort to help small businesses recover from the Sept. 11, 2001, attacks 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 Associated Press has discovered.
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.
Like the waste, fraud, and abuse from so many other programs, we face it now on a grand scale. Already Congress threw money at FEMA. Congress can be very generous with other people's money.
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